OPEN-SOURCE SCRIPT
Hesoyam
Hesoyam is a multi-timeframe indicator that combines Bollinger Band analysis across up to six selectable timeframes with a short MACD-based “scalper” filter. The core idea is to detect potential oversold or overbought conditions (using Bollinger logic) while confirming momentum shifts via a fast MACD signal.
Open-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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