OPEN-SOURCE SCRIPT
Fusion Oscillator (COMBINED RSI+MFI+MACD+CCI+TSI+RVI)
Updated
The Fusion Oscillator aggregates several extremely-similar directional oscillators (RSI, MFI, MACD, CCI, TSI, RVI) into one average to visualize indicator agreement. To do this, I normalized several oscillators between [-1,1] to ensure equal weight.
The white line is the directional oscillator. The yellow line (turned off) is the nondirectional oscillator - namely, the ADX and ATR - this determines the buy/sell signals in conjunction with overbought/oversold levels for the directional oscillator.
The overall length is the sensitivity of the oscillator, not the lookback period. The maximum that works on the default settings is 3. Higher means less sensitive and more accurate.
I hope you all find this useful!
The white line is the directional oscillator. The yellow line (turned off) is the nondirectional oscillator - namely, the ADX and ATR - this determines the buy/sell signals in conjunction with overbought/oversold levels for the directional oscillator.
The overall length is the sensitivity of the oscillator, not the lookback period. The maximum that works on the default settings is 3. Higher means less sensitive and more accurate.
I hope you all find this useful!
Release Notes
Added ema into settingsRelease Notes
Ease-of-use updates and I added alert conditions, for anybody interested in creating webhooks/automating it, or just for general alerts!Release Notes
Removed wavetrend input; didn't improve the indicator, made it slower. Feel free to browse earlier versions for the calculation.Release Notes
Updated the chart to use standard candlesOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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FAQ: I am gradually phasing out my Patreon because of the time it takes to maintain.
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Test my strategies on CryptoRobotics: cryptorobotics.co/?trade=f23b09
Disclaimer
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