OPEN-SOURCE SCRIPT
Updated RORO System Oscillator
RORO System Oscillator
This strategy is designed to capture market regimes and optimize exposure according to prevailing trends and momentum. It combines advanced trend detection with momentum filters to systematically decide when to be “risk-on” (aggressive) or “risk-off” (defensive).
How It Works:
Trend Detection:
Utilizes ALMA (Arnaud Legoux Moving Average) and VWMA (Volume Weighted Moving Average) to identify the market’s direction.
These trend indicators help the system recognize both short-term and medium-term market movements.
Momentum Confirmation:
Uses Rate of Change (RoC) to measure momentum.
Positions are only taken when momentum aligns with the trend, avoiding weak or sideways markets.
Risk-On / Risk-Off Logic:
The system dynamically adjusts exposure depending on market conditions:
Risk-On: Aggressive entries when trend and momentum are favorable.
Risk-Off: Defensive or no exposure during uncertain or choppy conditions.
Performance Metrics:
Provides a complete view of performance with Sortino, Sharpe, Calmar, Omega ratios, and maximum drawdown.
Includes portfolio equity visualization for clear tracking of system growth and risk.
Why Use This System:
Helps traders avoid periods of high risk and low probability trades.
Combines multiple layers of confirmation—trend and momentum—for disciplined entries.
Ideal for systematic traders who want a rules-based approach to market regimes.
Fully transparent with performance metrics to monitor robustness and risk-adjusted returns.
Notes:
Designed for use on various timeframes; optimal results may depend on asset class and timeframe.
Always combine with proper position sizing and risk management practices.
This strategy is educational and designed to demonstrate a systematic trading framework; results may vary in live conditions.
This strategy is designed to capture market regimes and optimize exposure according to prevailing trends and momentum. It combines advanced trend detection with momentum filters to systematically decide when to be “risk-on” (aggressive) or “risk-off” (defensive).
How It Works:
Trend Detection:
Utilizes ALMA (Arnaud Legoux Moving Average) and VWMA (Volume Weighted Moving Average) to identify the market’s direction.
These trend indicators help the system recognize both short-term and medium-term market movements.
Momentum Confirmation:
Uses Rate of Change (RoC) to measure momentum.
Positions are only taken when momentum aligns with the trend, avoiding weak or sideways markets.
Risk-On / Risk-Off Logic:
The system dynamically adjusts exposure depending on market conditions:
Risk-On: Aggressive entries when trend and momentum are favorable.
Risk-Off: Defensive or no exposure during uncertain or choppy conditions.
Performance Metrics:
Provides a complete view of performance with Sortino, Sharpe, Calmar, Omega ratios, and maximum drawdown.
Includes portfolio equity visualization for clear tracking of system growth and risk.
Why Use This System:
Helps traders avoid periods of high risk and low probability trades.
Combines multiple layers of confirmation—trend and momentum—for disciplined entries.
Ideal for systematic traders who want a rules-based approach to market regimes.
Fully transparent with performance metrics to monitor robustness and risk-adjusted returns.
Notes:
Designed for use on various timeframes; optimal results may depend on asset class and timeframe.
Always combine with proper position sizing and risk management practices.
This strategy is educational and designed to demonstrate a systematic trading framework; results may vary in live conditions.
Release Notes
How It Works:Trend Detection:
Utilizes ALMA (Arnaud Legoux Moving Average) and VWMA (Volume Weighted Moving Average) to identify the market’s direction.
These trend indicators help the system recognize both short-term and medium-term market movements.
Momentum Confirmation:
Uses Rate of Change (RoC) to measure momentum.
Positions are only taken when momentum aligns with the trend, avoiding weak or sideways markets.
Risk-On / Risk-Off Logic:
The system dynamically adjusts exposure depending on market conditions:
Risk-On: Aggressive entries when trend and momentum are favorable.
Risk-Off: Defensive or no exposure during uncertain or choppy conditions.
Performance Metrics:
Provides a complete view of performance with Sortino, Sharpe, Calmar, Omega ratios, and maximum drawdown.
Includes portfolio equity visualization for clear tracking of system growth and risk.
Why Use This System:
Helps traders avoid periods of high risk and low probability trades.
Combines multiple layers of confirmation—trend and momentum—for disciplined entries.
Ideal for systematic traders who want a rules-based approach to market regimes.
Fully transparent with performance metrics to monitor robustness and risk-adjusted returns.
Notes:
Designed for use on various timeframes; optimal results may depend on asset class and timeframe.
Always combine with proper position sizing and risk management practices.
This strategy is educational and designed to demonstrate a systematic trading framework; results may vary in live conditions.
Fixes:
Fixed the way the code calculates the set metrics on the performance table, should be calculated in a way where no misleading should happen
Release Notes
RORO System OscillatorThis strategy is designed to capture market regimes and optimize exposure according to prevailing trends and momentum. It combines advanced trend detection with momentum filters to systematically decide when to be “risk-on” (aggressive) or “risk-off” (defensive).
How It Works:
Trend Detection:
Utilizes ALMA (Arnaud Legoux Moving Average) and VWMA (Volume Weighted Moving Average) to identify the market’s direction.
These trend indicators help the system recognize both short-term and medium-term market movements.
Momentum Confirmation:
Uses Rate of Change (RoC) to measure momentum.
Positions are only taken when momentum aligns with the trend, avoiding weak or sideways markets.
Risk-On / Risk-Off Logic:
The system dynamically adjusts exposure depending on market conditions:
Risk-On: Aggressive entries when trend and momentum are favorable.
Risk-Off: Defensive or no exposure during uncertain or choppy conditions.
Performance Metrics:
Provides a complete view of performance with Sortino, Sharpe, Calmar, Omega ratios, and maximum drawdown.
Includes portfolio equity visualization for clear tracking of system growth and risk.
Why Use This System:
Helps traders avoid periods of high risk and low probability trades.
Combines multiple layers of confirmation—trend and momentum—for disciplined entries.
Ideal for systematic traders who want a rules-based approach to market regimes.
Fully transparent with performance metrics to monitor robustness and risk-adjusted returns.
Notes:
Designed for use on various timeframes; optimal results may depend on asset class and timeframe.
Always combine with proper position sizing and risk management practices.
This strategy is educational and designed to demonstrate a systematic trading framework; results may vary in live conditions.
How It Works:
Trend Detection:
Utilizes ALMA (Arnaud Legoux Moving Average) and VWMA (Volume Weighted Moving Average) to identify the market’s direction.
These trend indicators help the system recognize both short-term and medium-term market movements.
Momentum Confirmation:
Uses Rate of Change (RoC) to measure momentum.
Positions are only taken when momentum aligns with the trend, avoiding weak or sideways markets.
Risk-On / Risk-Off Logic:
The system dynamically adjusts exposure depending on market conditions:
Risk-On: Aggressive entries when trend and momentum are favorable.
Risk-Off: Defensive or no exposure during uncertain or choppy conditions.
Performance Metrics:
Provides a complete view of performance with Sortino, Sharpe, Calmar, Omega ratios, and maximum drawdown.
Includes portfolio equity visualization for clear tracking of system growth and risk.
Why Use This System:
Helps traders avoid periods of high risk and low probability trades.
Combines multiple layers of confirmation—trend and momentum—for disciplined entries.
Ideal for systematic traders who want a rules-based approach to market regimes.
Fully transparent with performance metrics to monitor robustness and risk-adjusted returns.
Notes:
Designed for use on various timeframes; optimal results may depend on asset class and timeframe.
Always combine with proper position sizing and risk management practices.
This strategy is educational and designed to demonstrate a systematic trading framework; results may vary in live conditions.
Fixes:
Fixed equity curve issue/completely removed it because it messed with the oscillator itself
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.