PRISM Oscillators Set {PREMIUM}

2020년 4월 6일

The PRISM Oscillator Set consists of:
(1) A modified-pSAR derived main driving oscillator (P-Oscillator).
(2) With MAJeStic (Momentum, Acceleration, Jerk, Snap) Oscillators Set (M-, A-, J-, S-Oscillators respectively).
User can switch the main oscillator to RSI-mode (default), as well as reverting to configurable EMA/SMA MACD mode as well.

The P-Oscillator

The P-Oscillator (centered at 50 in the y-axis) indicates the instantaneous bullish/bearish cycle of the market, and the degree of which.
A MA-line is provided as well (VWMA-mode is set as the default, but user can choose to switch to SMA-mode).
The crossing of the P-Oscillator into its MA-line signals a significant turn in the P-Oscillator, similar to how the cross between MAs are being used to signal a golden/death-cross (example: P-Oscillator crossing down its MA-line indicates a probable shift into the bearish phase).

The MAJeStic-Oscillators

The MAJeStic-Oscillators are derived from the main P-Oscillator.

• The M-Oscillator is the momentum oscillator, to more clearly visually indicate the current momentum phase of the main P-Oscillator -- i.e. when the oscillator is above the zeroline at -50, the P-oscillator is in an uptrend; and the magnitude of which indicates the velocity (or to be more precise, the speed) of the current momentum trend.
  
  
• The AJ-Ribbon consists of the acceleration and jerk oscillators, to indicate the hidden underlying trends in the momentum. They can be thought of as the hidden force/hand that pushes and pulls the momentum oscillator upwards or downwards.
  Both the M-Oscillator and the AJ-Ribbon are y-shifted down with its zeroline set at -50, simply for the purpose of clarity of presentation for this multiple-oscillator script.
• The S-Oscillator is centered about the 0 as its zeroline. It is a highest-order indicator, derived from the AJ-Ribbon, and is an extremely sensitive indicator -- which is able to dig up even the more subtle market trends that may later cascade into a more macro trend. For example: when it crosses from the negative into the positive (especially with a steeply positive slope) and holds above the zeroline, it is then likely that price will see some upside movement ahead (depending on the magnitude of the oscillator as well), even if it may presently be simply moving sideways or even downwards (i.e. a divergence in the S-oscillator wrt the current price movement).
  

The alignment of the various indicators gives the clearest signal of the market trend, however, that naturally isn't always the case. Hence, when signals from the oscillators looks conflicted, the higher order oscillators (i.e. the AJ-Ribbon, and the S-Oscillator) will be helpful indicators of possible movement incoming; alternatively looking for divergence and hidden divergence of the P-Oscillator (set to RSI-mode) is also an effective strategy.

This oscillator set is suitable to be applied on any timeframes and on any charts.
This oscillator does not give precise price targets, but only offers a qualitative view of the present as well as the probable incoming price action.
To (attempt to) predict price targets, I personally use the PRISM Oscillator Set in conjunction a combination of various support & resistance analytical strategies: e.g. VPVR-levels, moving averages, trend-lines, Ichimoku Cloud, etc. and looking/waiting for sufficient candle closing and break-outs for confirmation, etc.

The PRISM Oscillator Set provide a momentum-focused perspective of the current market.
While my other script, Cyber Ensemble (which generates buy/sell signals base on the scoring of a large ensemble of technical indicators + and modified by a series of filters), provides a technical perspective of the current market; and which I frequently use conjunction with the PRISM Oscillator Set.

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Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment/trade decisions.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.

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Please PM me for access information.

© cybernetwork

2020년 4월 6일

릴리즈 노트

Optimized default parameters.

2020년 4월 10일

릴리즈 노트

Ignore weekends mode implemented.

2020년 4월 11일

릴리즈 노트

Implemented the following that can be (enabled/disabled):

• Built-in volume oscillator (with sensitivity enhancement).
  
• STOCHs of the main-oscillator.
  

2020년 4월 11일

릴리즈 노트

Minor tweak to P-Osc scaling factor.

2020년 4월 11일

릴리즈 노트

Tidied up inputs.

2020년 4월 11일

릴리즈 노트

Set candle-bar color-fill default to the A-Osc.

2020년 4월 12일

릴리즈 노트

Implemented bullish/bearish-cross markers for the main-osc line vs. its MA line.

2020년 4월 12일

릴리즈 노트

Tweaked colors.

2020년 4월 12일

릴리즈 노트

Further tidied up code.

2020년 4월 12일

릴리즈 노트

Optimised MAJeStic, aka Asymmetric Differential Oscillator (ADO), parameters.

2020년 4월 12일

릴리즈 노트

Optimised S-Osc parameters.

2020년 4월 12일

릴리즈 노트

Implemented high-sensitivity mode for S-Osc.

2020년 4월 14일

릴리즈 노트

Minor tweaks and tidying up script.

2020년 4월 23일

릴리즈 노트

Updated Overbought/Oversold background colour indicator to span the whole y-axis.

2020년 4월 23일

릴리즈 노트

Bug of the p-OSC not being plotted correctly when in none-RSI mode (i.e. pRSI-Osc) is now fixed.

2020년 4월 24일

릴리즈 노트

Allow the MA of the main-osc to be derived from either sma, ema, vwma (user selectable).

2020년 4월 25일

릴리즈 노트

Minor change to STOCHs background indicator color to make them more visible.

2020년 5월 9일

릴리즈 노트

Reduced the transparency of the STOCHs overbought/sold background color indicator.

2020년 5월 11일

릴리즈 노트

Constrain plot range for the MAJ-Oscs to deal with certain cases of discontinuous charts or massive wicks.

2020년 5월 23일

릴리즈 노트

Added Inertia normalisation option of MAJs (Momentum, Acceleration, Jerk, and Snap) Oscillators.

2020년 5월 28일

릴리즈 노트

Added the option to enable divergence indicators for a second oscillator.

2020년 5월 28일

릴리즈 노트

Added Stochs of the Main-Osc to divergence detection source options.

2020년 5월 28일

릴리즈 노트

Updated the labeling of the second set of divergence indicators to make it distinct.

2020년 5월 28일

릴리즈 노트

Adjusted divergence indicator default settings.

2020년 5월 28일

릴리즈 노트

Update divergence default settings.

2020년 6월 1일

릴리즈 노트

Tweaked settings.

2020년 6월 1일

릴리즈 노트

Tweaked defaults.

2020년 6월 2일

릴리즈 노트

Disabled Hidden Divergence indicators as default to reduce clutter.
User can manually enable them in the settings.

2020년 6월 19일

릴리즈 노트

• Updated the MACD mode to allow users to select different MA combinations.
  
• User can now select candle resolution to derive signals, regardless of time-frame the chart is being viewed in.
  

2020년 6월 20일

릴리즈 노트

Updated input value constrains.

2020년 6월 21일

릴리즈 노트

Expanded MA mode of the main oscillator.

2020년 8월 15일

릴리즈 노트

Swapped the color of the Acceleration oscillator with the Jerk oscillator for the AJ-ribbon, and make the linewidth of the Jerk oscillator thicker compared to the Acceleration oscillator.

Note: The Snap oscillator (yellow/pink) pulls the Jerk oscillator (lime), which in turns pulls the Acceleration oscillator (red), which then pulls the momentum oscillator (blue/orange fill).
These reveals the underlying movement of the main-oscillator (the pRSI) (green/red). The Stochs of the pRSI (i.e. Stoch(pRSI)) is hidden by default, but can be made visible in the settings; and the background color fill/shading (green/red) suggests overbought/oversold states of the Stoch(pRSI).

2020년 9월 1일

릴리즈 노트

Implemented a reversal signal detector and alerting algo.

User can customize which indicator combinations to generate the reversal signals. The crossing of the higher order oscillators seem to lead to the signals being triggered too early -- i.e. the acceleration may be reversing however price may continue to drop for a while more (i.e. a divergence trend in the process of forming), etc.

User can turn on/off the displaying of the reversal signals (i.e. to reduce clutter when it is not needed).

Note: PRISM tends to work better with sufficient candlestick resolution. Depending on the volatility of a given chart, perform back testing and reduce the timeframe until good confluence is attained.

Caution: Always perform additional analysis (i.e. manually analyse the oscillators, as well as look at other indicators, and examine the chart/support&resistance levels, etc.) before proceeding with making any trades.

2020년 10월 6일

릴리즈 노트

Adjusted defaults.

2021년 2월 16일

릴리즈 노트

Optimised divergence settings.