CandelaCharts - Oscillator Concepts

📝 Overview

Oscillator Concepts shows a single, easy‑to‑read line on a scale from −1 to +1. Near 0 means balance; beyond +1 or −1 means the move is stretched. You can add helpful layers like trend stripes, participation shading, volatility markers, calendar dividers, divergence tags, and simple signal markers. Pick a trading profile (Scalping / Day Trade / Swing / Investment) and the lengths update for you.

📦 Features

A quick tour of the visual layers you can enable. Use this to decide which parts to turn on for reading momentum, extremes, trend bias, participation, and volatility at a glance.

• The Line (−1…+1): A clean momentum read with an optional EMA smooth and clear 0 / ±1 guides.
  
• OS/OB Visualization: Soft gradient fills when price action pushes outside ±1; optional background shading for quick scanning.
  
• Trend Radar: Thin stripes just outside the band that show up‑ or down‑bias using a fast‑vs‑slow EMA spread with anti‑flicker logic.
  
• Participation: Shading that reflects who’s pushing — by MFI, classic up/down volume, delta volume, or a combo model that rewards agreement.
  
• Velocity Pulse: Tiny symbols that only appear when volatility is elevated (outside a neutral 40–60 zone).
  
• Fractal Map: Subtle dashed dividers at Daily / Weekly / Monthly / Yearly / 5‑Year boundaries (Auto picks a sensible cadence).
  
• Divergences: Regular bullish/bearish tags at pivots, with an optional high‑probability filter.
  
• Unified Signals: One common vertical level for triangles (OS/OB re‑entries) and divergence icons so your eye doesn’t hunt.
  
• Profiles: Four presets tune all lookbacks together so the tool stays consistent across timeframes.
  
• Themes: Multiple palettes or fully custom bear/mid/bull colors.
  
• Alerts: Ready for “Any alert() function call” with OS/OB and Divergence options.
  

⚙️ Settings

Every adjustable input in plain English. Set your profile, show or hide reference levels, pick a theme, and toggle components so the visuals match your style and timeframe.

• Trading Profile: Scalping / Day Trade / Swing / Investment — automatically adjusts core lengths.
  
• −1…+1 Levels: Show reference lines at ±1.
  
• Smoothing & Length: EMA smoothing for The Line.
  
• OS/OB Zones & Show Fill: Optional background shade plus gentle gradient fills beyond ±1.
  
• Theme: Presets (Default, Blue–Orange, Green–Red, Teal–Fuchsia, Aqua–Purple, Black–Green, Black–White) or Custom.
  
• Divergences: Turn on detection at pivot highs/lows. Length sets left/right bars. HP filter asks that at least one oscillator anchor sits outside ±1.
  
• Participation: Choose MFI, Volume, Delta Volume, or MFI + Vol + Delta. Set the window; optionally smooth it.
  
• Trend Radar: Up or down stripes just beyond ±1 based on a fast/slow EMA spread. Tune Fast and Slow.
  
• Velocity Pulse: Symbols appear only when volatility exits the 40–60 zone; use Fast/Slow to adjust sensitivity.
  
• Fractal Map: Vertical dividers at time boundaries. Auto selects per timeframe, or pick Daily / Weekly / Monthly / Yearly / 5 Years.
  
• Signals: Show All, only OS/OB, or only Divergence markers (shared height for quick scanning).
  
• Alerts - OS/OB Conditions: Fire when The Line enters extremes (crosses above +1 or below −1).
  
• Alerts - OS/OB Signals: Fire when The Line re‑enters the band (comes back inside from > +1 or < −1).
  
• Alerts - Divergence Conditions: Raw regular divergences right when the pivot forms (no HP filter).
  
• Alerts - Divergence Signals: Confirmed regular divergences that pass the HP filter.
  

⚡️ Showcase

A visual gallery of the indicator's components. Each image highlights one layer at a time—The Line, OS/OB fills, Trend Radar, Participation, Velocity Pulse, Fractal Map, Divergences, and Signals—so you can quickly recognize how each looks on a live chart.

The Line

Participation

Trend Radar

Velocity Pulse

Fractal Map

Divergences

Signals

Overbought/Oversold


📒 Usage

Hands‑on guidance for reading the line, thresholds, and add‑ons in live markets. Learn when to favor continuation vs. mean‑reversion, how to weigh participation and volatility, and where to set invalidation and targets.

• Scale: 0 = balance. ±1 = adaptive extremes. A push beyond ±1 isn’t an automatic fade — check trend stripes, participation, and volatility.
  
• Trend vs Mean‑Revert: With bull stripes, favor pullback buys on OS re‑entries; with bear stripes, favor fades on OB re‑entries.
  
• Participation: Strong positive shading supports continuation; weak/negative during new highs is a caution flag.
  
• Volatility Pulse: Symbols only appear when energy is high. In trends they often mark expansion; counter‑trend they can precede snap‑backs.
  
• Divergences: Raw is early; HP is selective. Treat HP as higher‑quality context, not a stand‑alone signal.
  
• Risk: Use nearby structure (swing points, session highs/lows, or a fractal divider) for invalidation. Scale targets around 0 / ±1 and current vol.
  
• Profiles: If entries feel late/early, try a different profile before hand‑tuning every length.
  

🚨 Alerts

What you can be notified about and how to turn it on. Covers entering extremes, re‑entries from extremes, and divergence detections, with a recommended schedule (once per bar close).

• OS/OB Condition — Entered Overbought → when The Line moves up through +1.
  
• OS/OB Condition — Entered Oversold → when The Line moves down through −1.
  
• OS/OB Signal — Re‑Entry from Overbought/Oversold → when The Line comes back inside from an extreme.
  
• Divergence Condition — Bullish/Bearish (raw) → printed as soon as a regular divergence is detected.
  
• Divergence Signal — Bullish/Bearish (confirmed) → only fires when the high‑probability filter passes.
  

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

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