Multi Overbought and Oversold Indicator

What It Does

Reading RSI in one panel, Stochastic RSI in another, Williams %R and CCI in two more — and then trying to make sense of them all at once is slow. This indicator solves that by combining all four into a single composite score on a clean 0–100 scale.

Score near 100 = all four indicators agree the market is overbought
Score near 0 = all four indicators agree the market is oversold
Score near 50 = neutral, no strong lean in either direction

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How It Works

Each indicator uses a different scale, so before averaging they are all normalised to 0–100:

RSI — already 0–100, used directly
StochRSI %K — already 0–100, used directly
Williams %R — runs -100 to 0, shifted by adding 100 to map it to 0–100
CCI — has no fixed bounds, clamped to a ±300 working range then scaled to 0–100

The final score is a simple equal-weight average of all four normalised values.

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Why These Four

Each oscillator measures overbought/oversold from a different angle:

RSI — ratio of average gains vs losses (momentum)
StochRSI — applies stochastic formula to RSI, making it more sensitive and faster
Williams %R — compares close to the highest high over the period (range-based)
CCI — measures how far price deviates from its statistical mean (deviation-based)

Four different methods agreeing on the same condition is a much stronger signal than any one of them alone i guess :|

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Settings

All defaults have been tuned for custom use.
Every setting is fully adjustable in the inputs panel.

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Score Zones

80 – 100 | Extreme Overbought | Red
70 – 80 | Overbought | Amber
30 – 70 | Neutral | Green
20 – 30 | Oversold | Blue
0 – 20 | Extreme Oversold | Purple

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Visual Features

Score line — colour changes dynamically based on the current zone
Zone fills — subtle shading highlights the Extreme OB and Extreme OS areas
Score area fill — area between the score line and midline (50) is filled red above, purple below
Score label — floating value label updates on each bar at the chart's right edge
Extreme dots — small circles appear on the score line at Extreme OB and OS readings
Background tint — the pane background subtly reflects the current zone
Dashboard table — live table in the top-right shows each indicator's raw value and individual OB/OS status, plus the composite score and zone label
Individual lines — optionally show the four normalised component lines to see which indicator is driving the score

Also you can see all indicators independent lines by turning it on from the settings panel.

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How to Use

This is a confluence tool, not a standalone signal. Best used alongside price action and trend context:

Reversals — wait for extreme readings, then look for price action confirmation before acting
Trend pullbacks — in an uptrend, oversold score readings can time re-entry
Divergence — if price makes a new high but the score does not, momentum is weakening
Confluence check — use the individual lines or table to verify all four agree, not just the average

Works on all assets and all timeframes. Lower timeframes will produce more frequent extreme readings.

Also You can see all indicators independent lines by turning it on from the settings panel.

Phát hành các Ghi chú

Fixes :
Fixed label stacking and overlapping

Mã nguồn mở

Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.

AdarshShrma

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Mã nguồn mở

AdarshShrma

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