ROC-WMA bull bear indicator

ROC-Weighted MA Oscillator
By Ludovic B

Modified source code of SeerQuant

The ROC-Weighted MA Oscillator (ROCWMA) is a momentum-driven oscillator designed to expose hidden acceleration and deceleration phases in price action by dynamically weighting a moving average with the normalized Rate of Change (ROC).

Instead of treating all price deviations equally, this indicator amplifies meaningful moves and suppresses low-energy noise, making it particularly effective in scalping, intraday trading, and momentum reversals.

🔧 Core Concept

A base moving average (SMA, EMA, TEMA, DEMA, HMA, ALMA, etc.)

Weighted by normalized ROC

Transformed into a Z-score oscillator for comparability across assets

Smoothed with a signal line for timing precision

Result: a context-aware oscillator that adapts to market intensity.

📊 What the Oscillator Shows

Bullish momentum when histogram is positive and expanding

Bearish momentum when histogram is negative and expanding

Neutral zone to filter chop and avoid over-trading

Automatic color logic to highlight regime changes

Optional candle coloring reflects the active momentum state.

🎯 Signal-Based Price Markers (Advanced Feature)

This script includes price-chart markers when:

The signal line retraces to X% of the maximum oscillator bar of the current momentum phase

AND the signal slope confirms exhaustion (rising or falling)

Key characteristics:

Adaptive thresholds (relative, not fixed)

Separate logic for bullish and bearish phases

Reset on each neutral-zone transition

Configurable number of markers per momentum cycle

This makes the indicator particularly useful for:

Pullback entries

Momentum fading

Timing partial exits

⚙️ Customization

Fully adjustable ROC length, MA type, signal length

Neutral zone threshold control

Multiple color schemes

Optional candle coloring

Adaptive signal-to-oscillator percentage logic

🧠 Best Use Cases

Scalping (M1–M5)

Intraday momentum confirmation

Pullback and exhaustion detection

Cross-asset trading (FX, indices, crypto, metals)

ROCWMA is not a lagging oscillator.
It is a momentum intensity detector built to reveal when price moves matter.