OPEN-SOURCE SCRIPT
Bystry Prime-Style Oscillator Pro
Bystry Prime-Style Oscillator Pro is a multi-layer momentum, money-flow and volume oscillator designed to help traders read market pressure, exhaustion zones and potential momentum shifts in a clean oscillator panel.
This indicator is an original Pine Script v6 tool. It is not affiliated with, endorsed by, or intended to reproduce any proprietary or closed-source indicator. The goal of this script is to provide a transparent, self-contained oscillator framework that combines momentum, volume pressure, money flow and trend confirmation into one visual dashboard.
What the indicator does:
The script builds a normalized oscillator using several market components:
1. Price momentum
The indicator measures price impulse and deviation from a smoothed trend baseline. This helps identify whether price is expanding away from its average behavior or returning toward balance.
2. Momentum confirmation
RSI, CCI and MFI-style components are normalized and blended into the main oscillator. This allows the tool to react not only to price movement, but also to changes in internal momentum.
3. Money Flow Tracker
The money-flow module estimates buying and selling pressure by combining candle body pressure, close location inside the candle range and volume. This helps identify whether volume is supporting bullish or bearish movement.
4. Volume Matrix
The volume matrix compares bullish and bearish volume participation. It is designed to show whether the current move has meaningful volume support or whether price is moving with weak participation.
5. True 7 Rank System
The True 7 model scores market conditions using seven bullish and seven bearish checks, including oscillator direction, signal-line relationship, money flow, volume pressure and trend alignment. The result is displayed as a simple strength framework that helps traders avoid relying on one signal alone.
6. Dynamic Bands
The oscillator includes adaptive upper and lower bands based on recent oscillator behavior. These bands help identify overbought, oversold and extreme conditions without relying only on fixed levels.
7. Peak Seekers and Divergences
Confirmed oscillator pivots can mark potential exhaustion areas. The script can also highlight bullish and bearish divergence when price makes a new extreme while the oscillator fails to confirm that move.
How to read the indicator:
Bullish conditions are generally stronger when:
* the oscillator is above its signal line,
* the oscillator is above the zero line,
* money flow is positive,
* the volume matrix supports buyers,
* the True 7 bullish score is high.
Bearish conditions are generally stronger when:
* the oscillator is below its signal line,
* the oscillator is below the zero line,
* money flow is negative,
* the volume matrix supports sellers,
* the True 7 bearish score is high.
The overbought and oversold zones should not be used as automatic buy or sell signals. Strong trends can remain overbought or oversold for long periods. These zones are most useful when combined with momentum shifts, money-flow changes, divergence or market-structure confirmation.
Signals and alerts:
The indicator includes alert conditions for:
* bullish reversal signal,
* bearish reversal signal,
* bullish momentum shift,
* bearish momentum shift,
* bullish peak seeker,
* bearish peak seeker,
* bullish divergence,
* bearish divergence.
For cleaner alerts, it is recommended to use “Once Per Bar Close” when creating TradingView alerts.
Important behavior:
Peak seeker and divergence markers are confirmed only after the required right-side pivot bars have closed. For visual clarity, these markers are plotted on the original pivot candle, but they are not known in real time until confirmation. This avoids misleading users about when the signal becomes available.
The indicator does not guarantee future performance and should not be used as a standalone trading system. It is designed as a decision-support tool and should be combined with market structure, risk management, session context and higher-timeframe analysis.
Suggested use:
This oscillator can be useful for:
* identifying momentum expansion and exhaustion,
* confirming trend continuation,
* filtering weak signals with volume and money flow,
* spotting divergence near important zones,
* building confluence with support/resistance, liquidity zones or session-based strategies.
Risk disclaimer:
This script is for educational and analytical purposes only. It does not provide financial advice. No indicator can predict market movement with certainty. Past signals or historical behavior do not guarantee future results. Always use proper risk management and test the indicator on your own markets and timeframes before using it in live trading.
This indicator is an original Pine Script v6 tool. It is not affiliated with, endorsed by, or intended to reproduce any proprietary or closed-source indicator. The goal of this script is to provide a transparent, self-contained oscillator framework that combines momentum, volume pressure, money flow and trend confirmation into one visual dashboard.
What the indicator does:
The script builds a normalized oscillator using several market components:
1. Price momentum
The indicator measures price impulse and deviation from a smoothed trend baseline. This helps identify whether price is expanding away from its average behavior or returning toward balance.
2. Momentum confirmation
RSI, CCI and MFI-style components are normalized and blended into the main oscillator. This allows the tool to react not only to price movement, but also to changes in internal momentum.
3. Money Flow Tracker
The money-flow module estimates buying and selling pressure by combining candle body pressure, close location inside the candle range and volume. This helps identify whether volume is supporting bullish or bearish movement.
4. Volume Matrix
The volume matrix compares bullish and bearish volume participation. It is designed to show whether the current move has meaningful volume support or whether price is moving with weak participation.
5. True 7 Rank System
The True 7 model scores market conditions using seven bullish and seven bearish checks, including oscillator direction, signal-line relationship, money flow, volume pressure and trend alignment. The result is displayed as a simple strength framework that helps traders avoid relying on one signal alone.
6. Dynamic Bands
The oscillator includes adaptive upper and lower bands based on recent oscillator behavior. These bands help identify overbought, oversold and extreme conditions without relying only on fixed levels.
7. Peak Seekers and Divergences
Confirmed oscillator pivots can mark potential exhaustion areas. The script can also highlight bullish and bearish divergence when price makes a new extreme while the oscillator fails to confirm that move.
How to read the indicator:
Bullish conditions are generally stronger when:
* the oscillator is above its signal line,
* the oscillator is above the zero line,
* money flow is positive,
* the volume matrix supports buyers,
* the True 7 bullish score is high.
Bearish conditions are generally stronger when:
* the oscillator is below its signal line,
* the oscillator is below the zero line,
* money flow is negative,
* the volume matrix supports sellers,
* the True 7 bearish score is high.
The overbought and oversold zones should not be used as automatic buy or sell signals. Strong trends can remain overbought or oversold for long periods. These zones are most useful when combined with momentum shifts, money-flow changes, divergence or market-structure confirmation.
Signals and alerts:
The indicator includes alert conditions for:
* bullish reversal signal,
* bearish reversal signal,
* bullish momentum shift,
* bearish momentum shift,
* bullish peak seeker,
* bearish peak seeker,
* bullish divergence,
* bearish divergence.
For cleaner alerts, it is recommended to use “Once Per Bar Close” when creating TradingView alerts.
Important behavior:
Peak seeker and divergence markers are confirmed only after the required right-side pivot bars have closed. For visual clarity, these markers are plotted on the original pivot candle, but they are not known in real time until confirmation. This avoids misleading users about when the signal becomes available.
The indicator does not guarantee future performance and should not be used as a standalone trading system. It is designed as a decision-support tool and should be combined with market structure, risk management, session context and higher-timeframe analysis.
Suggested use:
This oscillator can be useful for:
* identifying momentum expansion and exhaustion,
* confirming trend continuation,
* filtering weak signals with volume and money flow,
* spotting divergence near important zones,
* building confluence with support/resistance, liquidity zones or session-based strategies.
Risk disclaimer:
This script is for educational and analytical purposes only. It does not provide financial advice. No indicator can predict market movement with certainty. Past signals or historical behavior do not guarantee future results. Always use proper risk management and test the indicator on your own markets and timeframes before using it in live trading.
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.
Giving My Money Bro!!! Pan Bystry
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.
Giving My Money Bro!!! Pan Bystry
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.