Pascal's Market Compression Oscillator

The indicator uses a standardized measure of volume and volatility to visualize the compression state of the market.

- Green: Market is currently compressing
- Red: Market is currently expanding

When the oscillator flips from Green to Red, the market is likely to enter a phase of expansion. This opens a window of opportunity for momentum strategies.

When the oscillator flips from Red to Green, the market is likely to enter a phase of compression. This makes it a favorable regime for mean reversion strategies.

Finally, please note that the indicator is NOT meant for directional analysis. e.g. when the oscillator signals "expansion", that can be up OR down.