OPEN-SOURCE SCRIPT
MisinkoMaster's Aroon Oscillator
Special Aroon Oscillator by MisinkoMaster
The Special Aroon Oscillator is a modified implementation of the traditional Aroon Oscillator designed to capture momentum shifts with reduced noise and lag.
Traditional Aroon calculations rely strictly on raw High and Low price extremes over a fixed period. This script incorporates a double-exponential smoothing mechanism on your chosen input source prior to measuring bar distance, providing cleaner zero-line crossovers and smoother trend transitions.
Key Features
Custom Smoothing Pre-Filter: Applies a smoothing calculation to the source series to filter out market noise before calculating high/low bar distances.
Dynamic Visual Cues: Renders an oscillator bounded between +100 and -100 with color-coded trend indicators, zero-line bounds, and background fills.
On-Chart Bar Coloring: Dynamically colors price candles directly on your chart to match the oscillator's prevailing directional bias.
Built-in Alert Conditions: Includes ready-to-use alerts for zero-line crossovers to notify you of bullish and bearish regime shifts.
How It Works
Calculations: The indicator smooths the chosen input source using the Smooth length. It then identifies the number of bars since the highest and lowest values of this smoothed series over the user-defined Length lookback.
Oscillator Formula: Oscillator = Aroon Up - Aroon Down
Above 0 (Green): Bullish trend state.
Below 0 (Red): Bearish trend state.
Bar Coloring: Price candles on the chart match the current oscillator state—green during bullish momentum and red during bearish momentum.
Inputs & Settings
Source (Default: Close): The price series used for calculation.
Length (Default: 28): The lookback window in bars used to identify recent highs and lows.
Smooth (Default: 14): The lookback length for the pre-smoothing filter.
How to Use
Zero Crossovers: Watch for the oscillator crossing above zero for potential bullish setups, or below zero for bearish setups.
Extremes (+100 / -100): Values near +100 indicate persistent buying pressure, while values near -100 indicate strong selling pressure.
Built-in Alerts
Bullish Zero Cross: Triggers when the oscillator crosses above 0.
Bearish Zero Cross: Triggers when the oscillator crosses below 0.
The Special Aroon Oscillator is a modified implementation of the traditional Aroon Oscillator designed to capture momentum shifts with reduced noise and lag.
Traditional Aroon calculations rely strictly on raw High and Low price extremes over a fixed period. This script incorporates a double-exponential smoothing mechanism on your chosen input source prior to measuring bar distance, providing cleaner zero-line crossovers and smoother trend transitions.
Key Features
Custom Smoothing Pre-Filter: Applies a smoothing calculation to the source series to filter out market noise before calculating high/low bar distances.
Dynamic Visual Cues: Renders an oscillator bounded between +100 and -100 with color-coded trend indicators, zero-line bounds, and background fills.
On-Chart Bar Coloring: Dynamically colors price candles directly on your chart to match the oscillator's prevailing directional bias.
Built-in Alert Conditions: Includes ready-to-use alerts for zero-line crossovers to notify you of bullish and bearish regime shifts.
How It Works
Calculations: The indicator smooths the chosen input source using the Smooth length. It then identifies the number of bars since the highest and lowest values of this smoothed series over the user-defined Length lookback.
Oscillator Formula: Oscillator = Aroon Up - Aroon Down
Above 0 (Green): Bullish trend state.
Below 0 (Red): Bearish trend state.
Bar Coloring: Price candles on the chart match the current oscillator state—green during bullish momentum and red during bearish momentum.
Inputs & Settings
Source (Default: Close): The price series used for calculation.
Length (Default: 28): The lookback window in bars used to identify recent highs and lows.
Smooth (Default: 14): The lookback length for the pre-smoothing filter.
How to Use
Zero Crossovers: Watch for the oscillator crossing above zero for potential bullish setups, or below zero for bearish setups.
Extremes (+100 / -100): Values near +100 indicate persistent buying pressure, while values near -100 indicate strong selling pressure.
Built-in Alerts
Bullish Zero Cross: Triggers when the oscillator crosses above 0.
Bearish Zero Cross: Triggers when the oscillator crosses below 0.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
"Better to take a step back, than to stand stuck forever."
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
"Better to take a step back, than to stand stuck forever."
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.