Gold Selling Oscillator

Built by Grok 

Working?

//@version=6

indicator("ML Gold Selling Oscillator", shorttitle="MLGSO", overlay=false)

// Inputs

rsiLength = input.int(14, "RSI Length", minval=1)

momLength = input.int(10, "Momentum Length", minval=1)

lookback = input.int(50, "Lookback Period for Dynamic Threshold", minval=10)

sellThreshold = input.float(70, "Base Sell Threshold", minval=0, maxval=100)

smoothLength = input.int(5, "Smoothing Length", minval=1)

// Core Calculations

rsi = ta.rsi(close, rsiLength)

mom = ta.mom(close, momLength)

// Safeguard for momentum normalization

momHigh = ta.highest(mom, lookback)

momLow = ta.lowest(mom, lookback)

momRange = momHigh - momLow

momNorm = momRange == 0 ? 50 : 100 * (mom - momLow) / momRange

// Dynamic threshold

rsiHigh = ta.highest(rsi, lookback)

dynamicThreshold = rsiHigh * 0.9

// Oscillator calculation

oscillatorRaw = (rsi + momNorm) / 2

oscillator = ta.sma(oscillatorRaw, smoothLength)

// Sell signal

sellSignal = oscillator > math.max(dynamicThreshold, sellThreshold)

// Plotting

plot(oscillator, "ML Gold Oscillator", color=color.blue, linewidth=2)

plot(sellThreshold, "Static Sell Threshold", color=color.red, style=plot.style_dashed)

plot(dynamicThreshold, "Dynamic Threshold", color=color.orange, style=plot.style_dashed)

hline(50, "Midline", color=color.gray, linestyle=hline.style_dotted)

plotshape(sellSignal, "Sell Signal", style=shape.triangledown, color=color.red, size=size.small)

// Alert

alertcondition(sellSignal, "Advanced Sell Signal", "Gold Selling Opportunity Detected")