OPEN-SOURCE SCRIPT
stockan – Oscillator Matrix
stockan – Oscillator Matrix
A multi-layer RSI-based momentum & trend tool with signal smoothing, short-segment regression lines, fade-style histogram, reversal markers, and a blocky heat-bar.
stockan is designed to give you a crystal-clear view of short-term momentum shifts and trend bias all in one pane. It builds upon the classic 0–100 RSI by:
🔧Inputs & Settings
You can customize every aspect of stockan in the Indicator Settings:
Price Source (default = Close)
Choose which price series (Open, High, Low, Close, or a custom series) you want the RSI to use.
Oscillator Length (RSI) (default = 14)
The look-back period for the RSI calculation. Shorter values make the oscillator more sensitive.
Signal Smoothing (default = 3)
The length of the simple moving average applied to the RSI. Higher values produce slower, cleaner signals.
Trend-LR Length (default = 20)
Number of bars used in each linear-regression segment. Longer lengths smooth trends but react more slowly.
Heat Threshold (default = 50)
The cutoff level (on the 0–100 RSI scale) above which the bottom heat-blocks turn green.
Histogram Max for Fade (default = 20)
The absolute difference (RSI – signal) that maps to 100% opacity in the histogram. Smaller differences fade out; larger ones stand out.
🚀 How to Use stockan
🎯 Benefits
A multi-layer RSI-based momentum & trend tool with signal smoothing, short-segment regression lines, fade-style histogram, reversal markers, and a blocky heat-bar.
stockan is designed to give you a crystal-clear view of short-term momentum shifts and trend bias all in one pane. It builds upon the classic 0–100 RSI by:
- Smoothing it with a quick SMA to generate a clean crossover signal.
- Drawing tiny linear-regression segments on both RSI and its signal line to highlight the slope (i.e. local trend direction) over a handful of bars.
- Filling between RSI and signal in green/red so you can instantly see when momentum flips.
- Plotting a soft-fade histogram of (RSI – signal), where stronger moves produce more opaque bars, while smaller divergences fade into the background.
- Marking local peaks and troughs on the RSI curve with dots—perfect for fine-tuning entries or exits.
- Rendering a bottom “heat” strip as blocky columns that switch from red to green once RSI crosses your chosen threshold, giving you a persistent bias indicator.
🔧Inputs & Settings
You can customize every aspect of stockan in the Indicator Settings:
Price Source (default = Close)
Choose which price series (Open, High, Low, Close, or a custom series) you want the RSI to use.
Oscillator Length (RSI) (default = 14)
The look-back period for the RSI calculation. Shorter values make the oscillator more sensitive.
Signal Smoothing (default = 3)
The length of the simple moving average applied to the RSI. Higher values produce slower, cleaner signals.
Trend-LR Length (default = 20)
Number of bars used in each linear-regression segment. Longer lengths smooth trends but react more slowly.
Heat Threshold (default = 50)
The cutoff level (on the 0–100 RSI scale) above which the bottom heat-blocks turn green.
Histogram Max for Fade (default = 20)
The absolute difference (RSI – signal) that maps to 100% opacity in the histogram. Smaller differences fade out; larger ones stand out.
🚀 How to Use stockan
- Identify Momentum Shifts
- Watch for the green/red fill to flip—when the RSI line crosses above its signal, green fill indicates building bullish momentum; red indicates bearish pressure.
- Sense Short-Term Trend with Mini-Regression Lines
- The tiny sloping segments on both RSI and signal lines give an immediate visual cue: upward-tilted segments = short-term uptrend, downward = downtrend.
- Gauge Strength with the Fade-Style Histogram
- Opaque bars mean strong momentum divergence; faint bars mean weak or consolidating moves. Use these to avoid low-conviction signals.
- Fine-Tune Entries & Exits Using Reversal Dots
- Gray dots mark local RSI highs (possible short setups), green dots mark local lows (possible long entries).
- Confirm Bias with the Heat-Bar
- A steady green row at the bottom tells you RSI has been above your threshold consistently—ideal for trend-following. A red row suggests caution or counter-trend trades.
🎯 Benefits
- All-in-One Pane: No need to juggle RSI, MA, histogram and custom script separately.
- Clean Visuals: Soft fades and blocky heat bars reduce clutter and highlight what matters.
- Non-Repainting: Uses only closed-bar data; once a bar is closed, nothing moves or disappears.
- Highly Customizable: Every length, threshold, color and transparency can be adjusted in Settings.
- Lightweight & Self-Contained: Pure Pine v5—no external libraries, no proprietary code—fully compliant with TradingView’s policies.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Stockan
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Stockan
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.