L1 Mid-Term Swing Oscillator v1

19 Sep 2020

Level: 1

Background
Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets.

Function

L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to cover short-term, middle-term and long-term oscillators at the same time. By resonating all these three oscillators, short-term scalping signal and middle term swing signal are disclosed. You can see both short and mid term signal under one indicator which give you more confidence to follow the trend.

Key Signal

I didn't handle the key signals well. I piled up all the useful signals I found, and it is really difficult to classify them one by one. I feel tired when I think about this problem. Therefore, the code of the overall signal is rather confusing, sorry.

Pros and Cons

Pros:

1. Three oscillators are used to cover short, mid, long term oscillations.
2. Short-Mid term resonance can be observed to have higher confidence level.
3. Use single indicator for scalping and swing trading is possible.

Cons:

1. No deep dive into very accurate long and short entries.
2. A trade off between sensitivity and stability may be needed by traders' subjective judge.


Remarks

I enjoyed the fun of put three different oscillator together to cover short, mid, long terms. But how to use them perfectly is really more brainstorming.

Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.

23 Mac

Nota Keluaran

OVERVIEW

The [blackat] L1 Mid-Term Swing Oscillator v1 is a multi-component momentum indicator designed to identify intermediate-term price swings and generate actionable buy/sell signals. It combines smoothed oscillators with dynamic zone analysis to highlight overbought/oversold conditions and trend transitions.

FEATURES

• Three core oscillators:

Long-Term SWING (fuchsia): 34-period SMA-based oscillator filtered with EMA smoothing
Short-Term SCALP (red/green): Raw oscillator showing immediate price relationships
Mid-Term LINE (blue): 4-period EMA of adjusted price action
• Entry/Exit Signals:
✓ "Gold Cross" alerts when SCALP crosses above SWING under favorable conditions
✓ Bottom breakout triggers based on extended lows combined with momentum reversals
✓ Dynamic sell flags activated during confirmed Top Zones

• Visual Indicators:
• Highlighted TOPZONE/BOTZONE areas (translucent red/green backgrounds)
• Label markers ("Buy"/"Sell") triggered by validated criteria combinations
• Critical threshold lines at 8%, 20%, 80% levels

HOW TO USE

Attach indicator to target financial instrument/timeframe
Monitor oscillator crossovers/critical level breaches
Prioritize signals occurring within highlighted zones
Confirm entries/exits when multiple criteria align (e.g.: GoldCross + BOTZONE activation)

LIMITATIONS

• Relies heavily on historical high-low ranges (susceptible to whipsaws in volatile markets)
• Zone definitions depend on fixed 34/21-period lookbacks requiring careful calibration
• Lag inherent in SMA-based SWING component may delay signal timing

NOTES

• Default configuration uses 34-period highs/lows for primary calculations
• Color-coding reflects directional bias: Red = rising pressure, Green = falling pressure
• Labels auto-disable after triggering to prevent duplication