OPEN-SOURCE SCRIPT
OSOM WV
"OSOM WV", plots volume-weighted moving average (VWMA) bands with ATR offsets to identify bullish/bearish/neutral trends based on price position relative to the bands. It includes optional low-lag mode, visual styles (cloud, band, line), buy/sell crossover signals with non-pyramiding, take-profit via Z-score/RSI overbought/oversold, re-entry on wick touches, and a smoothed forecast of trend duration (displayed as a label like "↑ 3/8" for current/probable bars).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.