Synergy [CryptoScripts]

Synergy by CryptoScripts

Overview
Synergy is a comprehensive multi-oscillator trading system that combines WaveTrend, RSI, Stochastic, MACD, and Money Flow Index (MFI) into a single, powerful indicator. Designed for cryptocurrency and financial markets, it provides clear visual signals for identifying market trends, divergences, and optimal entry/exit points.

Core Components

1. WaveTrend Oscillator (Blue Waves)

• Light Blue Wave (wt1): Primary trend indicator
  
• Dark Blue Wave (wt2): Smoothed trend confirmation
  
• Oscillates between overbought (+75, +60, +25) and oversold (-25, -60, -75) levels
  
• The interaction between these two waves generates most trading signals
  

2. VWAP Differential (Yellow Line)

• Shows the difference between wt1 and wt2
  
• Helps identify momentum shifts and trend strength
  
• Useful for confirming divergences
  

3. Money Flow Indicator (Red/Green Histogram)

• Green area: Positive money flow (buying pressure)
  
• Red area: Negative money flow (selling pressure)
  
• Oscillates around the zero line
  
• Helps confirm trend strength and reversals
  

4. Stochastic RSI (White & Cyan Lines)

• White line: RSI-based momentum
  
• Cyan line: Stochastic calculation
  
• Shaded area: Shows relationship between the two
  
• Provides additional confirmation for overbought/oversold conditions
  

Trading Signals

BULLISH SIGNALS (Buy Opportunities)

🟢 Small Green Circles

• Appear when wt1 crosses above wt2
  
• Indicate short-term bullish momentum shift
  
• Most reliable when appearing in oversold territory (below -25)
  

✅ Green X (Regular Bullish Divergence)

• Price makes lower low, but indicator makes higher low
  
• Strong reversal signal indicating weakening downtrend
  
• Best when combined with other bullish signals
  

Green Diamond

• Appears when MACD histogram crosses above zero
  
• Confirms transition from bearish to bullish trend
  
• Entry signal for longer-term positions
  

🚀 Rocket (Bottom Rocket)

• Appears when Money Flow is deeply oversold (≤ -25) AND MACD shows bullish flag
  
• Extremely strong buy signal
  
• Indicates market bottoming process
  

🟩 Green Square (Support)

• Marks significant support levels based on Money Flow valleys
  
• Price likely to bounce from these areas
  
• Use for setting stop losses or planning entries
  

✨ Spark Signal

• The strongest bullish signal - combines three conditions:
  Regular bullish divergence (Green X)
  Bottom Rocket signal
  Green Square support
  
• Indicates high-probability reversal opportunity
  
• Rare but powerful signal
  

BEARISH SIGNALS (Sell Opportunities)

🔴 Small Red Circles

• Appear when wt1 crosses below wt2
  
• Indicate short-term bearish momentum shift
  
• Most reliable when appearing in overbought territory (above +25)
  

❌ Red X (Regular Bearish Divergence)

• Price makes higher high, but indicator makes lower high
  
• Strong reversal signal indicating weakening uptrend
  
• Best when combined with other bearish signals
  

♦️ Red Diamond

• Appears when MACD histogram crosses below zero
  
• Confirms transition from bullish to bearish trend
  
• Exit signal or short entry for longer-term positions
  

🚨 Red Alarm (Topping Signal)

• Appears when Money Flow is elevated (≥ 20) AND MACD shows bearish flag
  
• Strong sell signal
  
• Indicates market topping process
  

🟨 Yellow Square (Resistance)

• Marks significant resistance levels based on Money Flow peaks
  
• Price likely to reverse from these areas
  
• Use for setting profit targets or planning exits
  

Overbought/Oversold Levels

Overbought Zones (Bearish Bias)

• Level 1 (+25): Caution zone - watch for reversals
  
• Level 2 (+60): Strong overbought - high probability of pullback
  
• Level 3 (+75): Extreme overbought - reversal imminent
  

Oversold Zones (Bullish Bias)

• Level 1 (-25): Caution zone - watch for bounces
  
• Level 2 (-60): Strong oversold - high probability of bounce
  
• Level 3 (-75): Extreme oversold - reversal imminent
  

How to Trade with Synergy

Entry Strategy

• Aggressive entries: Take signals in overbought/oversold extremes (-60 to -75 for longs, +60 to +75 for shorts)
  
• Conservative entries: Wait for multiple signal confirmation (e.g., Green X + Bottom Rocket + Green Square)
  
• Best entries: Spark signals or Bottom Rocket/Alarm signals combined with support/resistance levels
  

Exit Strategy

Long exits:

• Red circles appearing in overbought territory
  
• Red X divergences
  
• Red Alarm signals
  
• Yellow squares (resistance)
  
• WaveTrend crossing below zero line
  

Short exits:

• Green circles appearing in oversold territory
  
• Green X divergences
  
• Bottom Rocket signals
  
• Green squares (support)
  
• WaveTrend crossing above zero line
  

Risk Management

• Use support/resistance squares for stop loss placement
  
• Don't trade against the overall trend shown by the wave colors
  
• Combine multiple timeframes for better confirmation
  
• Watch for divergences between price and the indicator waves
  

Alert Conditions

The indicator includes comprehensive alert conditions for:

• All major signals (Spark, Bottom Rocket, Alarm, X's, Diamonds, Squares)
  
• Wave crosses in different zones (above 60, 0-60, 0 to -60, below -60)
  
• Long and short exit signals
  
• Custom alerts can be set for any signal combination
  

Best Practices

• Divergence Trading: Always draw support/resistance levels on the price chart and compare with indicator waves
  
• Confluence: Look for multiple signals confirming the same direction
  
• Timeframe Analysis: Use higher timeframes for trend, lower timeframes for entry
  
• Market Context: The indicator works best in trending markets; be cautious in choppy, sideways markets
  
• Combine with Price Action: Use indicator signals to confirm price action patterns, not as standalone signals
  

Advanced Features

Momentum Filter

• Built-in filter that only shows peaks/valleys when momentum conditions are met
  
• Reduces false signals in ranging markets
  
• Can be toggled on/off based on market conditions
  

Hidden Divergences

• Optional setting to show hidden divergences
  
• Useful for trend continuation trading
  
• Advanced feature for experienced traders
  

Customizable Parameters

• Oscillator multiplier adjustable for different instruments (150 for Heikin Ashi, 203 for standard candles)
  
• All timeframes and smoothing periods can be adjusted
  
• Flexible for different trading styles and instruments
  

Recommended Settings

• Crypto/Volatile Markets: Default settings (203 multiplier)
  
• Heikin Ashi Charts: Change multiplier to 150
  
• Stock Markets: May require slight adjustment to oscillator multiplier
  
• Forex: Works well with default settings on major pairs
  

Conclusion

Synergy combines multiple proven technical indicators into one comprehensive system, making it easier to identify high-probability trading opportunities. The visual nature of the signals makes it suitable for both beginners and experienced traders. Remember that no indicator is perfect - always use proper risk management and combine signals with your own analysis and trading plan.

Credits
© CryptoScripts
Special thanks to my brother, a quantum physicist & software engineer, for guidance and endless phone calls working through the logic.

The conditions behind these signals represent extensive market analysis and testing. This indicator is designed to help traders make informed decisions, but should always be used as part of a complete trading strategy.