OPEN-SOURCE SCRIPT
Aggiornato EZ Oscilator - Live Divergences
**How to Trade with EZ Oscillator**
The **EZ Oscillator** combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
### 1. Bullish Signals (Long Entries)
- **Bullish Crossover**: Look for the fast wave (wt1) crossing **above** the slow signal wave (wt2) when the signal is below 30. This is a strong momentum reversal signal in oversold territory.
- **Bullish Divergence**: A "Bull" label appears when price makes a lower low but the oscillator makes a higher low. This often signals weakening bearish momentum and potential reversal upward.
- Best used near the **Oversold level (15)** or when the oscillator is rising from below the midline (50).
### 2. Bearish Signals (Short Entries)
- **Bearish Crossover**: Look for the fast wave crossing **below** the slow signal wave when the signal is above 70. This indicates momentum exhaustion in overbought territory.
- **Bearish Divergence**: A "Bear" label appears when price makes a higher high but the oscillator makes a lower high. This warns of weakening bullish momentum and possible downward reversal.
- Most effective near the **Overbought level (85)** or when the oscillator is falling from above the midline.
### 3. Key Levels & Confirmation
- **Midline (50)**: Acts as the equilibrium level. Crosses above 50 favor bulls, crosses below 50 favor bears.
- **Overbought (85) / Oversold (15)**: Use dashed levels as dynamic zones. Price + oscillator extremes here increase reversal probability.
- **Divergence Lines**: Visible connecting lines confirm hidden strength or weakness between price and momentum.
### 4. Additional Tips
- The **gradient glow** strengthens visually as the oscillator moves further from 50 — the brighter the glow, the stronger the momentum.
- Combine with higher timeframe context or support/resistance for better accuracy.
- Use the **Trend Bar** at the bottom (if enabled) as a quick visual reference for current momentum direction.
**Pro Tip**: The strongest setups occur when a **crossover** and a **divergence label** appear together near the extreme levels (15 or 85).
This oscillator is non-repainting on closed bars and works across all markets — Forex, Stocks, Crypto, and Futures.
How to Trade with EZ Oscillator
The EZ Oscillator combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
1. Bullish Signals (Long Entries)
2. Bearish Signals (Short Entries)
3. Key Levels & Confirmation
4. Additional Tips
Pro Tip: Always combine with higher timeframe structure or key support/resistance levels for higher probability trades.
The oscillator is non-repainting on closed bars.
The **EZ Oscillator** combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
### 1. Bullish Signals (Long Entries)
- **Bullish Crossover**: Look for the fast wave (wt1) crossing **above** the slow signal wave (wt2) when the signal is below 30. This is a strong momentum reversal signal in oversold territory.
- **Bullish Divergence**: A "Bull" label appears when price makes a lower low but the oscillator makes a higher low. This often signals weakening bearish momentum and potential reversal upward.
- Best used near the **Oversold level (15)** or when the oscillator is rising from below the midline (50).
### 2. Bearish Signals (Short Entries)
- **Bearish Crossover**: Look for the fast wave crossing **below** the slow signal wave when the signal is above 70. This indicates momentum exhaustion in overbought territory.
- **Bearish Divergence**: A "Bear" label appears when price makes a higher high but the oscillator makes a lower high. This warns of weakening bullish momentum and possible downward reversal.
- Most effective near the **Overbought level (85)** or when the oscillator is falling from above the midline.
### 3. Key Levels & Confirmation
- **Midline (50)**: Acts as the equilibrium level. Crosses above 50 favor bulls, crosses below 50 favor bears.
- **Overbought (85) / Oversold (15)**: Use dashed levels as dynamic zones. Price + oscillator extremes here increase reversal probability.
- **Divergence Lines**: Visible connecting lines confirm hidden strength or weakness between price and momentum.
### 4. Additional Tips
- The **gradient glow** strengthens visually as the oscillator moves further from 50 — the brighter the glow, the stronger the momentum.
- Combine with higher timeframe context or support/resistance for better accuracy.
- Use the **Trend Bar** at the bottom (if enabled) as a quick visual reference for current momentum direction.
**Pro Tip**: The strongest setups occur when a **crossover** and a **divergence label** appear together near the extreme levels (15 or 85).
This oscillator is non-repainting on closed bars and works across all markets — Forex, Stocks, Crypto, and Futures.
How to Trade with EZ Oscillator
The EZ Oscillator combines momentum waves with live divergence detection to deliver clear, high-probability trading signals. Here’s how to use it effectively:
1. Bullish Signals (Long Entries)
- Bullish Crossover: Fast wave (wt1) crosses above the slow signal wave (wt2) when the signal is below 30. Strong momentum reversal in oversold territory.
- Bullish Divergence: "Bull" label appears when price makes a lower low but the oscillator makes a higher low — signals weakening bearish momentum.
2. Bearish Signals (Short Entries)
- Bearish Crossover: Fast wave crosses below the slow signal wave when the signal is above 70. Indicates momentum exhaustion in overbought territory.
- Bearish Divergence: "Bear" label appears when price makes a higher high but the oscillator makes a lower high.
3. Key Levels & Confirmation
- Midline (50): Equilibrium level. Above = bullish bias, Below = bearish bias.
- Overbought (85) / Oversold (15): Use as dynamic reversal zones.
- Divergence Lines: Connect pivots to visually confirm hidden strength/weakness.
4. Additional Tips
- The gradient glow becomes stronger as the oscillator moves away from 50 — brighter glow = stronger momentum.
- Strongest setups occur when a crossover and divergence label appear together near 15 or 85.
- Works on all timeframes and markets (Forex, Stocks, Crypto, Futures).
Pro Tip: Always combine with higher timeframe structure or key support/resistance levels for higher probability trades.
The oscillator is non-repainting on closed bars.
Note di rilascio
**Recent Updates & Improvements:****Ribbon Fill Enhancement:**
Added a clean between-the-waves ribbon fill (`fill(p1, p2)`) that dynamically colors based on the relationship between the fast wave (`wt1`) and slow wave (`wt2`).
- Green tint (`#089981`) when the fast wave is above the slow wave (bullish momentum).
- Red tint (`#f23645`) when the fast wave is below the slow wave (bearish momentum).
This creates a smooth, modern ribbon effect that clearly highlights momentum shifts with minimal visual clutter.
**Level Lines Standardization:**
- Overbought (90) and Oversold (10) levels now use solid, thicker lines (`linewidth = 8`) for stronger visual impact and better zone definition.
**Small Visual Improvements:**
- Fast wave (`wt1`) now dynamically uses bullish/bearish colors based on its position relative to the slow wave.
- Minor cleanup and optimization for better readability and performance.
- Updated alert messages to match the indicator name.
The core divergence engine and momentum calculation logic remain unchanged and fully preserved.
Recent Updates & Improvements:
Ribbon Fill Enhancement:
Added a clean between-the-waves ribbon fill that dynamically colors based on the relationship between the fast wave (wt1) and slow wave (wt2).
- Bullish ribbon (green tint) when fast wave is above slow wave.
- Bearish ribbon (red tint) when fast wave is below slow wave.
This creates a smooth, modern ribbon effect that clearly highlights momentum shifts with minimal visual clutter.
Level Lines Standardization:
Overbought (90) and Oversold (10) levels now use solid, thicker lines (linewidth = 8) for stronger visual impact and better zone definition.
Small Visual Improvements:
- Fast wave (wt1) now dynamically uses bullish/bearish colors based on its position relative to the slow wave.
- Minor cleanup and optimization for better readability and performance.
- Updated alert messages to match the indicator name.
The core divergence engine and momentum calculation logic remain unchanged and fully preserved.
Note di rilascio
Minor Update in nameChart: BTCUSD charts
Script open-source
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Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.