Fusion Oscillator (COMBINED RSI+MFI+MACD+CCI+TSI+RVI)

2022년 11월 20일

The Fusion Oscillator aggregates several extremely-similar directional oscillators (RSI, MFI, MACD, CCI, TSI, RVI) into one average to visualize indicator agreement. To do this, I normalized several oscillators between [-1,1] to ensure equal weight.

The white line is the directional oscillator. The yellow line (turned off) is the nondirectional oscillator - namely, the ADX and ATR - this determines the buy/sell signals in conjunction with overbought/oversold levels for the directional oscillator.

The overall length is the sensitivity of the oscillator, not the lookback period. The maximum that works on the default settings is 3. Higher means less sensitive and more accurate.

I hope you all find this useful!

2022년 12월 13일

릴리즈 노트

Added ema into settings

2023년 1월 17일

릴리즈 노트

Ease-of-use updates and I added alert conditions, for anybody interested in creating webhooks/automating it, or just for general alerts!

2023년 2월 19일

릴리즈 노트

Removed wavetrend input; didn't improve the indicator, made it slower. Feel free to browse earlier versions for the calculation.

2023년 3월 3일

릴리즈 노트

Updated the chart to use standard candles