Fast Swing Oscillator
A fast, smooth swing oscillator scored in sigmas, so oversold actually means oversold.
Own pane · Any timeframe · Any symbol
What it shows
- One smooth line, scored in standard deviations instead of arbitrary 0-100 bounds.
- Zones at +1 (overbought), -1 (oversold), -1.5 (deep) and -2 (capitulation).
- Markers when the line turns up out of oversold or capitulation, and down out of overbought.
How it reads the market
Classic oscillators use fixed bounds, so half the time 'oversold' just means 'going down'. Normalizing a smoothed momentum reading by its own recent deviation makes the zones self-calibrating: minus 2 is rare on every symbol, by construction.
Settings
| Setting | Default | What it does |
|---|---|---|
| Momentum length | 9 | The core lookback of the oscillator. |
| Smoothing | 5 | Hull smoothing for a fast line without the whipsaw. |
| Z-score window | 100 bars | The lookback that defines each symbol's own 'normal'. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Turn up out of oversold
- Turn up out of capitulation
- Turn down out of overbought
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add Fast Swing Oscillator.