Strength Oscillator Pro

Strength Oscillator Pro is a dynamic momentum and price-strength indicator designed to measure directional power using percentage price change over a configurable lookback period. Unlike traditional oscillators, it focuses on relative price strength, making it highly responsive to market acceleration, deceleration, and early momentum shifts.

The indicator plots a two-color histogram that instantly highlights bullish and bearish strength: green bars represent positive strength, while red bars indicate negative pressure. To enhance signal clarity and reduce noise, the oscillator includes a smoothed EMA line and a signal EMA line, allowing traders to identify trend direction, momentum transitions, and potential entry or exit zones.

Built-in spike protection filters out abnormal price jumps, ensuring stable and reliable readings even during volatile conditions. A MaxBars limiter optimizes performance on lower timeframes and historical testing. Strength Oscillator Pro works across all symbols and timeframes and is especially effective for trend confirmation, momentum filtering, and divergence spotting.

How to Use

1. Histogram Interpretation

• Green bars above zero → bullish strength and upward momentum

• Red bars below zero → bearish strength and downward momentum

• Increasing bar size indicates strengthening momentum

• Decreasing bars suggest weakening pressure or consolidation

2. Smoothed & Signal Lines

• Smoothed line crossing above the signal line → bullish momentum shift

• Smoothed line crossing below the signal line → bearish momentum shift

• When both lines remain above or below zero, the trend is considered strong

3. Trading Applications

• Use as a trend confirmation filter with price action or moving averages

• Combine with breakout strategies to validate strength behind moves

• Watch for divergence between price and histogram for early reversal clues

4. Best Practices

• Higher LookbackPeriod = smoother, trend-focused signals

• Lower LookbackPeriod = faster, scalping-friendly signals

• Enable lines for confirmation, disable for clean histogram-only trading

Strength Oscillator Pro is ideal for traders who want a clean, fast, and reliable view of true market strength without clutter or lag.

By downloading or installing any Indicators, you acknowledge that you have read, understood, and agreed to be bound by the Terms and Conditions.