OPEN-SOURCE SCRIPT
Updated Dioptra ~XYXC
My edited version of White Noise Indicator (Normalized KAMA Oscillator) by user IkkeOmar.
Release Notes
Horizontal line moved. Graphic representation changed.Release Notes
Rollback of previous arbitrary changes.Release Notes
Disclaimer: This indicator is currently being refined and tailored to the price action of the Nasdaq Futures Mini contract (N1!) on the 1‑minute timeframe. It is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. Trading involves risk, and past performance is not indicative of future results.Mode Explanation:
Mode 1 was developed from semi-historical observations correlating favorable long setups when the oscillator’s columns rise through the −0.31 level after having been significantly lower—ideally at an extreme—for a non-brief period.
Mode 2 has been introduced based on favorable long and short opportunities observed when the oscillator—now displayed as a line—breaks, or is about to break, ascending or descending triangles at extreme levels.
Release Notes
-Release Notes
-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.