Price-Scaled Stochastic, RSI, and MFI Oscillators
Summary
This indicator overlays stochastic, RSI, or money flow index readings on the price chart by mapping oscillator values onto the recent high-low range. Instead of displaying values on a separate fixed 0–100 scale, it uses the chosen lookback’s price extremes as the lower and upper bounds. Overbought, oversold, and midpoint guides are mapped to the same range, allowing the oscillator to be viewed alongside candle movement and potential support or resistance areas.
Users can choose the oscillator and adjust its calculation and smoothing lengths, the range used for the price mapping, and the overbought and oversold levels. The chart also marks stochastic K/D crosses, shades selected regions, and shows current normalized readings for all three oscillators in a small table. Optional moving averages can be displayed.
This is a visualization and indicator-comparison tool, not a trading system with tested entry or exit rules. The text provides no performance results, and its price-scaled readings depend on the selected rolling range, which can change as new highs or lows enter the window.
Key ideas
- The indicator maps oscillator readings onto the recent high-low price range for chart overlay.
- It offers stochastic, RSI, and MFI calculations, with configurable lengths and thresholds.
- Stochastic crosses and threshold regions are marked visually, while a table displays readings for all three measures.
- The rolling price range affects the mapped oscillator levels as its highs and lows change.
- The document provides no backtest or evidence that these visuals improve trading results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.