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Hybrid Overbought/Oversold Detector + Put/Call Signals

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!
릴리즈 노트: A tweak to default OB/OS levels.
릴리즈 노트: The 5th oscillator support added:
- Chande Momentum Oscillator (CMO) could now be applied.
릴리즈 노트: Small coding tweaks!
릴리즈 노트: Added 50-Line which could be useful sometimes.
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.
릴리즈 노트: Added 0,100-lines to make a better display of Hybrid graph
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
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!
릴리즈 노트: - Optimized OB/OS level calculations
- Added labels to show calculated OB/OS levels (for those who wonder what the calculated levels are)
릴리즈 노트: - 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!
릴리즈 노트: - Small coloring tweaks!
릴리즈 노트: - Added Multi-Timeframe Capability.
Calculations Timeframe could now be changed in options.
릴리즈 노트: - Fixed higher timeframe levels calculation bug!
릴리즈 노트: Made level calculations more strict
릴리즈 노트: - Added support for 2 less common oscillators:
9. Chaikin Money Flow (CMF)
10. Twiggs Money Flow (TMF)
릴리즈 노트: Fixed a bug related to TMF oversold calculation
릴리즈 노트: - Fixed a multi-timeframes calculation bug
- Increased calculations speed
릴리즈 노트: - Fixed another problem related to an annoying Pine MTF functions bug!
릴리즈 노트: - Just made the script more structured by implementing some functions
릴리즈 노트: - 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.
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?

코멘트

Unbeatable indicator for confirmation. help us to buy any script at lower side. help to exit at higher side. i become fan of you.
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informanerd kunjmech2004
@kunjmech2004, Thanks for your compliment and excellent review! I'm happy it could help someone.
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kunjmech2004 informanerd
@informanerd, can i make screener with this scrip. Sir do you have any literatures for this calculation. I want to make screener in chartink software for indian market
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informanerd kunjmech2004
@kunjmech2004, Sorry, I'm not familiar with Chartink. But the script source is open. If programming is possible in Chartink, then you may be able to convert the code to that language.
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kunjmech2004 informanerd
@informanerd, thank you sir
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Hi, it looks great in combination with other indicators. Does it repaint? Hopefully, not. I haven't tested it in Live yet.
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informanerd EvgenyRawrr
@EvgenyRawrr, Hey. After the closure of current bar, it does not repaint at all. Actually it's one of my favorite indicators. Maybe you could share your combination after your tests ;)
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EvgenyRawrr informanerd
@informanerd, I'll check it Live and send you coins definitely.
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really a great indicator. thanks a lot
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informanerd kunjmech2004
@kunjmech2004, You're welcome!
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