Oscillator Edge Confluence Analyzer
Price is at the edge of the range and you want to know if the oscillators agree. Paste 25 or more bars and the range, and the analyzer computes Wilder's RSI(14) from New Concepts in Technical Trading Systems (1978), Lane's slow stochastic (14, 3, 3) and Lambert's CCI(20) from 1980, checks which of them sit at an extreme, looks for divergence against the last touch of the same edge, checks for a hook, and gives the verdict: fade it, wait for the hook, or stand aside. Thresholds are the classics: RSI 30 and 70, stochastic 20 and 80, CCI minus 100 and plus 100.
25 to 200 bars as open,high,low,close. Volume is ignored if you paste it. More bars means a steadier RSI; 40 is plenty.
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Enter the range and the bars, then hit Read. Or load an example to see a divergence, a stretched-but-early edge, and a breakdown.
How it grades. Score = 20 edge + 15 RSI + 15 stochastic + 10 CCI + 25 divergence + 15 hook. Edge: the last close within 15% of the range width of an edge scores 20, within 25% scores 10. RSI, stochastic and CCI score when they touched their extreme inside the last 3 bars: RSI 30 or 70, slow %K 20 or 80, CCI minus 100 or plus 100. Divergence: the lowest low in the 25 bars before the last 3 sits at the same edge, price now is at or below it (within 5% of the range), and RSI now is 3 points or more higher. Mirror for the high. That's the classic regular divergence and it's worth the most because it's the one thing on the list that says the second push is weaker than the first. Hook: RSI at 35 or under (65 or over at the high) turned back by 1 point or more on the last bar, or slow %K crossed %D on the last bar. Fade at 70 or more. 45 to 69 is a wait. Under 45 is a stand-aside. Hard no-trades: the last close is more than 10% of the range beyond the edge, or price is nowhere near an edge. Plan: entry at the last close, stop 0.25 ATR(14) beyond the lowest low (or highest high) of the last 5 bars, T1 the range midpoint, T2 the far edge. RSI uses Wilder's smoothing, not a simple average, so it matches most platforms. Keyboard: Enter reads, 1 to 3 load the examples.
Educational tool only, not financial advice. An oscillator can sit at 20 for a week while price walks the low. Extreme is a condition, divergence is a clue, the hook is the trigger, and the stop is the only thing on this page that's guaranteed to work.
Built by Jason Parker, founder of Trading Ranges.