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:

• 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

1. Identify Momentum Shifts
2. 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.
   
4. Sense Short-Term Trend with Mini-Regression Lines
5. The tiny sloping segments on both RSI and signal lines give an immediate visual cue: upward-tilted segments = short-term uptrend, downward = downtrend.
   
7. Gauge Strength with the Fade-Style Histogram
8. Opaque bars mean strong momentum divergence; faint bars mean weak or consolidating moves. Use these to avoid low-conviction signals.
   
10. Fine-Tune Entries & Exits Using Reversal Dots
11. Gray dots mark local RSI highs (possible short setups), green dots mark local lows (possible long entries).
    
13. Confirm Bias with the Heat-Bar
14. 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.