USAGE EXAMPLES
Scalping
Using the Scalper's Momentum and the Fast Oscillator as an example, users can first use the Scalper's Momentum as a directional bias and the Fast Oscillator as a means of timing a more precise entry. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Scalper's Momentum flipping signals.
Buying the Dip/Shorting the Pump
Using the Momentum Impulse Oscillator and the Fast Oscillator as an example, users will need to first determine the underlying trend with the Momentum Impulse Oscillator, after which they can use the Fast Oscillator for entry signals into the trend. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals
Reversal Trading
Using the Momentum Impulse Oscillator on a timeframe roughly 34 times greater than the chart's timeframe and the Fast Oscillator as an example, users will need to first ensure that the Momentum Impulse Oscillator signals a ranging market on a higher timeframe, divergence signals from the Fast Oscillator can then be used as entries. Take profits can be based on either the Diminishing Momentum Warnings or the Fast Oscillator flipping signals or the Fast Oscillator reaching the zero line.
SETTINGS

Fast Oscillator Type: The data series that the customizable Fast Oscillator will use in its main calculations.

Fast Oscillator Source: What method the script will use to identify trend swings on the Fast Oscillator.

Trend Identification Method: The method used to identify trend swings on the Fast Oscillator.

Trend Identification MA Length: The period used to calculate the chosen MA type for trend identification. Only applicable if Trend Identification Method is SMA, EMA, HMA, or WMA.

Reversal Zones Dynamic Color Type: Determines how the Reversal Zones are colored, either based on how overbought/oversold the fast oscillator is (Reversal Probability) or based on the confluence of the overall components (Trend Confluence).

Reversal Zones Outer Value: The outer (further from zero line) value of the Reversal Zones.

Reversal Zones Inner Value: The inner (closer to zero line) value of the Reversal Zones.

Enable Diminishing Momentum Warning: Diminishing Momentum is denoted as '•' and represents reducing momentum, signaling a potential price change.

Enable Reversal Signals Warning: Reversal Signals are denoted as 'â–²' and 'â–¼' and represent meanreversion trade opportunities.

Wait for Bar Close to Print Signals: Signals will only appear on bar close to avoid false signals and repainting issues.

Divergence Pivot Detection Length: A larger number means less sensitive divergence detection, and a smaller number will detect shorterterm divergences.

Divergence Pivot Confirmation Length: Number of bars the indicator will wait for confirmation to plot divergences. A higher number delays the signal but reduces false signals.

Price Volume Algorithm Length: The period used to calculate the Price Volume Algorithm, utilized in oscillators such as 'Price Volume Swings' and 'Price Volume Waves'.

Price Volume Swings Transformation Length: The period used in Price Volume Swings' proprietary transformation calculations.

Smoothing Length (Price Volume Swings): The period used to smooth the final output of Price Volume Swings.

Price Volume Waves Transformation Length: The period used in Price Volume Waves' proprietary transformation calculations.

Price Volume Waves Smoothing Length: The period used to smooth the final output of Price Volume Waves.

Alpha Wave Length: The period used in Alpha Wave's main calculations.

Alpha Wave Smoothing Length: The period used to smooth the final output of the Alpha Wave.

Dragon RSI Length: The period used for the RSI calculations.

Dragon RSI Smoothing Length: The period used in Dragon RSI's special smoothing algorithm.

Trend Impulse Thresholds: The threshold for the Momentum Impulse Oscillator, set at 20.