Hybrid Overbought/Oversold Detector + Put/Call Signals

2020년 7월 24일

There are many indicators of overbought/oversold conditions out there. Some of more common ones are:

- Bollinger Bands %B
- Money Flow Index (MFI)
- Relative Strength Index (RSI)
- Stochastic

This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary options.
You may select which oscillators you want to apply and of course change the source, the length of the calculations and the overbought/oversold levels.
Also the script will draw a combined graph which is the average of the selected oscillators in the options.

Send me your ideas!

2020년 8월 5일

릴리즈 노트

A tweak to default OB/OS levels.

2020년 8월 6일

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The 5th oscillator support added:
- Chande Momentum Oscillator (CMO) could now be applied.

2020년 8월 18일

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Small coding tweaks!

2020년 8월 21일

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Added 50-Line which could be useful sometimes.

2020년 8월 27일

릴리즈 노트

Changed the structure of the code a bit and removed "Total Average" graph due to uselessness!
From now on, there is a new hybrid graph instead, which represents the OB/OS market exactly.

2020년 8월 27일

릴리즈 노트

Added 0,100-lines to make a better display of Hybrid graph

2020년 10월 23일

릴리즈 노트

- Added support for 3 new oscillators:
6. Commodity Channel Index (CCI)
7. Keltner Channel %K
8. Rate Of Change (ROC)

- Made some changes to default OB/OS levels and colors
- Applied some coding tweaks

2020년 10월 26일

릴리즈 노트

Major Update!
Manual setting of OB/OS levels removed; Instead, a procedure of automatic levels detection implemented which leads to some advantages:
- There is no more need for taking care of setting OB/OS levels manually by the user (specially an amateur one).
- The whole process of OB/OS detection could fit any data from any feed automatically.
- OB/OS levels could vary dynamically over time.

So it's all about reacting to any changes in market conditions. Good Luck!

2020년 10월 28일

릴리즈 노트

- Optimized OB/OS level calculations
- Added labels to show calculated OB/OS levels (for those who wonder what the calculated levels are)

2020년 10월 31일

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- Minor tweaks
- Changed default options
- Added weaker colorized signals which lead to better view and understanding of the chart, trends, divergences and thus more accurate decisions!

2020년 11월 2일

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- Small coloring tweaks!

2020년 11월 14일

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- Added Multi-Timeframe Capability.
Calculations Timeframe could now be changed in options.

2020년 11월 14일

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- Fixed higher timeframe levels calculation bug!

2020년 11월 20일

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Made level calculations more strict

2020년 12월 13일

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- Added support for 2 less common oscillators:
9. Chaikin Money Flow (CMF)
10. Twiggs Money Flow (TMF)

2020년 12월 14일

릴리즈 노트

Fixed a bug related to TMF oversold calculation

2021년 1월 8일

릴리즈 노트

- Fixed a multi-timeframes calculation bug
- Increased calculations speed

2021년 1월 8일

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- Fixed another problem related to an annoying Pine MTF functions bug!

2021년 1월 12일

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- Just made the script more structured by implementing some functions

2021년 2월 13일

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- Added support for 2 other oscillators:
11. Disparity Index (DIX)
12. Relative Vigor Index (RVI/RVGI)
- Manual setting of OB/OS levels is now possible again. Feel free to set OB/OS levels as you wish or leave the options as they are to make the calculations automatic.

2022년 4월 3일

릴리즈 노트

- Restructured the code
- Converted to Pine v5
- Increased overall performance
- Made indicator settings more user-friendly
- Added alert conditions to the settings
- Made levels auto-calculation better
- Killed some tiny bugs

2023년 4월 24일

릴리즈 노트

- Fixed calculation errors for some tickers; Now the indicator should work on all charts!
- Fixed DIX normalization error
- Added auto-level option and made alerts better
- Killed some tiny bugs and increased code performance

2023년 4월 24일

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- Added symbol selection option; It's now possible to see OB/OS conditions of another ticker on current chart.
- Added hybrid OB/OS levels and labels
+ 4 above-mentioned ones!

2023년 4월 24일

릴리즈 노트

3rd update in one day!
- At last, fixed issues regarding "The other time frame and ticker" calculations