OPEN-SOURCE SCRIPT
Vector Confluence Oscillator
The Vector Confluence Oscillator is a high-precision market terminal designed to identify the exact intersection of Price Deviation and Momentum Exhaustion.
Unlike standard oscillators that only track velocity, the Vector Confluence system maps price action against its statistical mean, allowing traders to see when the market is "stretched" both in terms of value and momentum.
Core Functionality
This indicator operates on two primary data vectors to find high-probability reversal zones:
Vector A: Statistical Price Deviation The background turns Red (Overvalued) or Blue (Undervalued) based on Standard Deviation bands. This highlights when price has moved too far, too fast from its average.
Vector B: Momentum Velocity (RSI) The internal "Momentum Cloud" and dynamic oscillator line track the internal strength of the move. When the cloud flips from Green (Bullish) to Red (Bearish), it signals a shift in the trend's power.
Key Features
Segmented Grid Interface: Sharp vertical dividers separate each deviation bar, allowing you to count the "bars of exhaustion" at a glance.
Dynamic Trend-Line: The oscillator line itself inherits colors from the trend, providing instant visual feedback on momentum direction.
Micro-Peak Dots: Customizable exhaustion dots appear when momentum reaches extreme peaks (Overbought/Oversold), serving as your final confirmation for a reversal.
Fully Customizable Aesthetic: Every color, transparency, and dot size (from "Tiny" to "Big") can be adjusted to fit your specific UI or dark-mode setup.
Unlike standard oscillators that only track velocity, the Vector Confluence system maps price action against its statistical mean, allowing traders to see when the market is "stretched" both in terms of value and momentum.
Core Functionality
This indicator operates on two primary data vectors to find high-probability reversal zones:
Vector A: Statistical Price Deviation The background turns Red (Overvalued) or Blue (Undervalued) based on Standard Deviation bands. This highlights when price has moved too far, too fast from its average.
Vector B: Momentum Velocity (RSI) The internal "Momentum Cloud" and dynamic oscillator line track the internal strength of the move. When the cloud flips from Green (Bullish) to Red (Bearish), it signals a shift in the trend's power.
Key Features
Segmented Grid Interface: Sharp vertical dividers separate each deviation bar, allowing you to count the "bars of exhaustion" at a glance.
Dynamic Trend-Line: The oscillator line itself inherits colors from the trend, providing instant visual feedback on momentum direction.
Micro-Peak Dots: Customizable exhaustion dots appear when momentum reaches extreme peaks (Overbought/Oversold), serving as your final confirmation for a reversal.
Fully Customizable Aesthetic: Every color, transparency, and dot size (from "Tiny" to "Big") can be adjusted to fit your specific UI or dark-mode setup.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.