OPEN-SOURCE SCRIPT

MA Oscillator Map [ChartPrime]

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⯁ OVERVIEW
The MA Oscillator Map [ChartPrime] transforms moving average deviations into an oscillator framework that highlights overextended price conditions. By normalizing the difference between price and a chosen moving average, the tool maps oscillations between -100 and +100, with gradient coloring to emphasize bullish and bearish momentum. When the oscillator cools from extreme levels (-100/100), the indicator marks potential reversal points and extends short-term levels from those extremes. A compact side table and dynamic bar coloring make momentum context visible at a glance.

⯁ KEY FEATURES
  • Oscillator Mapping (±100 Scale):
    Price deviation from the selected MA is normalized into a percentage scale, allowing consistent overbought/oversold readings across assets and timeframes.
    Pine Script®
    // MA MA = ma(close, maLengthInput, maTypeInput) diff = src - MA maxVal = ta.highest(math.abs(diff), 50) osc = diff / maxVal * 100
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  • Customizable MA Types:
    Choose SMA, EMA, SMMA, WMA, or VWMA to fine-tune the smoothing method that powers the oscillator.
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  • Extreme Signal Diamonds:
    When the oscillator retreats from +100 or -100, the script plots diamonds to flag potential exhaustion and reversal zones.
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  • Dynamic Levels from Extremes:
    Upper and lower dotted lines extend from recent overextension points, projecting temporary barriers until broken by price.
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  • Gradient Bar Coloring:
    Candles and oscillator values adopt a bullish-to-bearish gradient, making shifts in momentum instantly visible on the chart.
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  • Compact Momentum Map:
    A table at the chart’s edge plots the oscillator position with a gradient scale and live percentage label for precise momentum tracking.
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⯁ USAGE
  • Watch for diamonds after the oscillator exits ±100 — these mark potential exhaustion zones.
  • Use extended dotted levels as short-term reference lines; if broken, trend continuation is favored.
  • Combine gradient bar coloring with oscillator shifts for confirmation of momentum reversals.
  • Experiment with different MA types to adapt sensitivity for trending vs. ranging markets.
  • Use the side momentum table as a quick-read gauge of trend strength in percent terms.


⯁ CONCLUSION
The MA Oscillator Map reframes moving average deviations into a visual momentum tracker with extremes, reversal signals, and dynamic levels. By blending oscillator math with intuitive visuals like gradient candles, diamonds, and a live gauge, it helps traders spot overextension, exhaustion, and momentum shifts across any market.

Penafian

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