Quantum Oscillator Pine v6 - Aynet

6 hours ago

This Pine Script™ code, built with version 6, implements the Quantum Oscillator - Aynet, a normalized oscillator designed for visualizing price dynamics within a specific fractal range. The code emphasizes visual clarity with a rainbow color scheme for the oscillator line and adaptive threshold bands.

Key Features:
Quantum Oscillator Calculation:

The oscillator value (quantum_oscillator) is derived from the current price position relative to the highest (fractal_high) and lowest (fractal_low) prices over a customizable depth (quantum_depth).
Normalized to a 0-100 range.
Adaptive Threshold Bands:

Upper Band: Calculated using the Golden Ratio Threshold (quantum_upper_band).
Lower Band: A complementary lower boundary (quantum_lower_band).
Rainbow Color Mapping:

The oscillator is dynamically color-coded based on value:
0-20: Red
20-40: Orange
40-60: Yellow
60-80: Green
80-100: Blue
Visualization:

The Quantum Oscillator is plotted with a rainbow color line.
Dashed horizontal lines mark the upper and lower threshold bands.
Background highlights:
Green when the oscillator is below the lower band.
Red when the oscillator is above the upper band.
V6 Emphasis:
Utilizes Pine Script™ version 6, ensuring compatibility with the latest language features and improvements.
Clean, modern syntax for enhanced readability and efficiency.
This indicator is visually appealing and provides insights into price dynamics within a fractal range, ideal for adaptive market analysis.