PRIME

Oscillator Trend

Oscillator Trend is a universal indicator that works with any oscillator of your choice, no matter if it's built-in or third-party (RSI, Stochastic, MFI, Awesome Oscillator, CCI...). Get this universal indicator and start experimenting to see which oscillator performs best in identifying trend phases!

This indicator decides trend states based on the oscillator value in relation to user-defined thresholds. Assume that you set the high & low thresholds at 70 and 30, respectively. Then:

• When the oscillator climbs above 70, the market enters an uptrend and will remain in the uptrend until the oscillator falls below 30.
• Reversely, when the oscillator falls below 30, the market enters a downtrend and will remain in the downtrend until the oscillator climbs above 70.

The indicator also decides strong/weak trend states based on the "Sensitive Mode" configuration and the oscillator value in relation to high, low, center thresholds. When a trend changes its state from weak to strong, a trend-resuming signal is provided.

• Plot the chosen oscillator
• Allow choosing any oscillator as input
• Allow smoothing the chosen oscillator (with
  11 popular moving averages
  )
• Allow configuring "Sensitive Mode" for deciding strong/weak trend states
• Allow configuring 3 thresholds: high, center, low
• Use price action to help detect trend switch
• Colorize the oscillator based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
• Paint bars based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
• Paint background to show 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
• Print markers on trend shift
• Trigger alerts on trend shift
• Print markers on trend resuming
• Trigger alerts on trend resuming
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals

• Signal_Trend: 2 = uptrend strong, 1 = uptrend weak, -2 = downtrend strong, -1 = downtrend weak