Swing Oracle + Cycle M5

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Follow the White Rabbitz

Swing Oracle + Cycle M5 is a custom TradingView indicator combining a normalized oscillator (NDOS) with a 7-day cycle counter, designed for 5-minute charts. It helps traders identify overbought/oversold swing zones while tracking the market’s position within a weekly cycle that resets every Tuesday at midnight.

1. Inputs
Horizontal Levels

High Level (line_up): above this, NDOS signals overbought (“buy zone”)
Low Level (line_dn): below this, NDOS signals oversold (“sell zone”)
Mid-High / Mid-Low (line_mid_high, line_mid_low): for nuanced thresholding
Extra Levels (line_extra1–line_extra4): four additional hidden levels for advanced tuning

Trendline Source
Choose between EMA 8 or SMA 231 via trendline_source

Display Options

Draw Background Color? (button1): toggles colored background based on NDOS zone
Draw Candlesticks? (button2): toggles bar-coloring according to NDOS

2. Trendline & NDOS Calculation
Trendline

If “EMA8” selected: calculates ema(close, 8)

If “SMA231”: calculates sma(close, 231)

NDOS (Normalized Difference Oscillator)

Computes distance of current trendline value from its local high and low over the past Length bars (length)


Rendered on a 0–100 scale with a color gradient between two user-defined colors (gradientbull/gradientbear).

3. Weekly Cycle Counter (M5)
Cycle Start Detection

Marks every Tuesday at 00:00 as cycle zero (isTuesdayZero), storing its timestamp.

Cycle Number

Computes the number of full 7-day intervals since the last stored Tuesday, then plots it as a semi-transparent histogram aligned with the NDOS panel.

4. Visualization & Styles
Oscillator Plot

Thick line for NDOS, colored blue above line_up, red below line_dn, neutral otherwise—overlaid with the same gradient as the histogram.

Horizontal Levels
Distinct plots for each user level (High, Low, Mid-High, Mid-Low).

Filled Zones

Buy Zone: area between NDOS and High Level
No-Trade Zone: between High and Low Levels
Sell Zone: area between NDOS and Low Level

Optional Coloring
Background and candlesticks can be tinted based on whether NDOS is in buy or sell territory.

5. Typical Use Case
*Scalping & Swing: Quickly spot overbought/oversold conditions on 5-minute bars.

*Cycle Awareness: Ensure entries/exits align with your preferred phase of the weekly cycle (e.g., early vs. late in a Tuesday→Tuesday loop).

*Customization: Adjust levels, gradient colors, and trendline source to match your strategy’s sensitivity and preferred look.