INVITE-ONLY SCRIPT

SAYO INDICATOR

23
💠 Overview
SAYO INDICATOR is a powerful multi-component technical indicator built around an enhanced WaveTrend oscillator with extreme condition filtering to reduce mid-range noise and deliver cleaner signals.

It highlights only relevant overbought / oversold momentum shifts and includes divergence detection, optional complementary oscillators, and visual signal markers designed to help traders spot high-probability market turns.

📊 Key Features

💠 Filtered WT Signals
• Shows buy / sell signals only when WaveTrend is in extreme zones (no noise in the middle).
• Clean visuals on momentum crosses with colored circle plots.

💎 Divergence Detection
• Detects Regular and Hidden divergences on WaveTrend.
• Second range divergence support for deeper momentum insight.
• Optional RSI and Stochastic divergence visualization.

⚡ Momentum Oscillators
• Optional classic RSI and Stochastic RSI panels.
• Integrated RSI+MFI area for money-flow emphasis.
• Optional Schaff Trend Cycle line for trend strength context.

🔥 Sommi Pattern Markers
• Sommi Flags and Diamonds to indicate potential structure shifts and trend continuation setups.

💠 Gold Buy Signals
• Premium quality buy indicator using multiple confluence factors (WT levels and divergence + RSI context).

📌 What You See On Chart

📈 Green circles
Buy signals when WaveTrend crosses in strong oversold territory.

📉 Red circles
Sell signals when WaveTrend crosses in strong overbought territory.

🔎 Dots for divergence
Displays divergence setups (bullish / bearish) visually alongside momentum.

📊 Optional indicator panels
RSI, Stochastic RSI, Schaff cycle and MFI highlight additional context when enabled.

🧠 How Traders Use It

• Identify high-probability reversal areas with minimal false signals
• Confirm trend strength and timing via complementary oscillators
• Filter market noise during ranging periods
• Integrate with support/resistance or patterns for trade entry decisions

⚙️ Inputs & Customization

• Full control over WaveTrend channel lengths and smoothing
• Divergence sensitivity levels
• Optional indicator visibility (RSI, MFI, Stoch, Schaff)
• Thresholds for WT extremes and divergence ranges

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.