Combining Range Position and Price Pressure in a Trend Oscillator
Summary
This indicator builds several linked measures from price action. Z-Pulse combines a short-horizon close position within its high-low range with a stochastic transformation and smoothing. Z-Trend blends short, medium, and long range readings, then adjusts for persistent occupancy of extreme zones and smooths the result adaptively. A separate Pressure Core combines shorter- and longer-horizon measures of close location, candle body, wicks, and recent price movement.
The display marks upper and lower exhaustion states when Pulse and Trend remain in extreme zones, with sensitivity controls that alter the thresholds and confirmation persistence. It also plots their crosses, pressure levels, and price boxes spanning active states. These constructions offer ways to study trend, pressure, and possible exhaustion, but the document provides no backtest or evidence that the signals predict reversals. Results depend on chosen horizons, smoothing, sensitivity, and instrument data; the author’s exhaustion labels are indicator states, not verified entry or exit rules.
Key ideas
- Z-Pulse measures recent close location in a price range and smooths a stochastic version of that reading.
- Z-Trend combines multiple range horizons and adds persistence when readings occupy outer zones.
- Pressure Core blends fast and slow price-pressure estimates based on candle and range features.
- Exhaustion states require the Pulse and Trend lines to remain together in extreme zones for a sensitivity-dependent duration.
- The indicator visualizes conditions but supplies no performance evidence or validated trade rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.