ROC-Weighted MA Oscillator [SeerQuant]

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ROC-Weighted MA Oscillator (ROCWMA)

The ROC-Weighted MA Oscillator (ROCWMA) is a momentum-based indicator which uniquely combines the Rate of Change (ROC) with customizable moving averages, offering a dynamic oscillator for trend analysis. Featuring z-score normalization and weighted MA integration, the ROCWMA delivers actionable trend signals with customizable thresholds.

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⚙️ How It Works

1️⃣ Rate of Change (ROC) Normalization
The indicator begins with a normalized ROC calculation over a customizable length, transforming raw momentum data into a dynamic range for enhanced analysis.

2️⃣ Weighted Moving Average (MA)
A custom moving average (MA) is calculated using selectable MA types such as TEMA, SMA, EMA, and more. The normalized ROC is then applied as a weight to derive the ROC-Weighted MA (RWMA), blending trend and momentum data.

3️⃣ Z-Score Oscillator
The RWMA is normalized using z-score calculations, resulting in a smoothed oscillator. This process highlights deviations from the mean, identifying overbought and oversold conditions dynamically.

4️⃣ Threshold Logic

• Bullish (Uptrend): Oscillator exceeds the positive threshold.
  
• Bearish (Downtrend): Oscillator drops below the negative threshold.
  
• Neutral: Oscillator remains between thresholds.
  

5️⃣ Dynamic Visual Representation

• A color-coded histogram reflects trend strength and direction.
  
• Optional candle coloring visually emphasizes trends on the chart.
  
• Gradient fills enhance clarity of threshold areas.
  

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✨ Customizable Settings

ROC Settings

• Define the ROC length for momentum calculation.
  

MA Settings

• Choose from multiple MA types (TEMA, EMA, SMA, etc.).
  
• Customize the length and data source for MA calculations.
  
• Adjust the signal length for smoothing.
  

Threshold Settings

• Set neutral, bullish, and bearish thresholds to match your strategy.
  

Style Settings

• Toggle candle coloring for visual trend enhancement.
  
• Select from five unique color schemes to suit your chart style.
  

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🚀 Features and Benefits

• Momentum-Weighted Analysis: Combines ROC with advanced moving averages for precise trend evaluation.
  
• Dynamic Thresholds: Z-score-based logic adapts to market conditions.
  
• Visual Clarity: Color-coded histograms, candles, and gradient fills make trend detection intuitive.
  
• Highly Customizable: Flexible inputs and multiple MA types ensure adaptability to various trading styles.
  

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📜 Disclaimer

This indicator is for educational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Users should consult a licensed financial advisor before making trading decisions. Use at your own risk.

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