mrtools wrote: Sat Jul 29, 2023 4:21 am UCS_Murrey's Math Oscillator

Code: Select all

// Created by UCSgears
// Modified the conceptual Murray Math Lines System overlay to an Oscillator
// Easier to add Alerts using an oscillator rather than an overlay
// Does provide some aesthetics, Will be improved as Time Progresses

study(title="UCS_Murrey's Math Oscillator", shorttitle="UCS_MMLO", overlay=false, precision = 2)
// Inputs
length = input(100, title = "Look back Length")
mult = input(0.125, title = "Mutiplier; 1/8 = 0.125; 1/4 = 0.25.....")
lines = input(true, title= "Show Murrey Math Fractals")
bc = input(true, title = "Show Bar Colors for Oversold and Overbought")
// Donchanin Channel
hi = highest(high, length)
lo = lowest(low, length)
range = hi - lo
multiplier = (range) * mult
midline = lo + multiplier * 4

oscillator = (close - midline)/(range/2)

scolor = oscillator > 0 and oscillator < mult*6 ? green : oscillator < 0 and oscillator > -mult*6 ? red : oscillator < -mult*6 ? blue : oscillator > mult*6 ? orange : na

plot (oscillator, color = scolor, title = "Murrey Math Oscillator", style = columns, transp = 60)
plot(0, title = "Zero Line", color = gray, linewidth = 4)

plot(lines == 1 ? mult*2 : na, title = "First Positive Quadrant", color = gray, linewidth = 1)
plot(lines == 1 ? mult*4 : na, title = "Second Positive Quadrant", color = gray, linewidth = 1)
p3 = plot(lines == 1 ? mult*6 : na, title = "Third Positive Quadrant", color = gray, linewidth = 1)
p4 = plot(lines == 1 ? mult*8 : na, title = "Fourth Positive Quadrant", color = gray, linewidth = 1)
plot(lines == 1 ? -mult*2 : na, title = "First Negative Quadrant", color = gray, linewidth = 1)
plot(lines == 1 ? -mult*4 : na, title = "Second Negative Quadrant", color = gray, linewidth = 1)
p2 = plot(lines == 1 ? -mult*6 : na, title = "Third Negative Quadrant", color = gray, linewidth = 1)
p1 = plot(lines == 1 ? -mult*8 : na, title = "Fourth Negative Quadrant", color = gray, linewidth = 1)

fill (p1,p2, color = orange)
fill (p3,p4, color = lime)

// Bar Color Oversold and Overbought
bcos = bc == 1 and oscillator > mult*6 ? orange : na
bcob = bc == 1 and oscillator < -mult*6 ? blue : na

barcolor (bcos)
barcolor (bcob)

Mladen did the original translation, I added a bunch of other stuff, including alerts, the upper/lower and zero quadrant lines, the upper/lower quadrant fill, and a choice of averages to smooth the oscillator.

hello mr tools!!

Once again, I'm here exploring my ideas throughout the night!!

This indicator presents a unique proposal uniting the MM into an oscillator.

Is there the possibility of updating your averages + the traditional Reg MAs?

I combined it with the pivot smoothed Reg ma and it already gave great signs of OBOS.

Once again, thank you very much from s2, my list of incredible indicators is only growing.