Harmony Oscillator Settings

These main settings will allow the user to customize the majority of the Oscillator. 

Here the user will be able to select a Dashboard from Beginner mode which shows simple information about the Oscillator to Advanced mode which shows the in-depth arithmetic values for the Oscillator. 

The user here will also be able to adjust the Horizontal or Vertical orientation of the Dashboard as well as the main colors used in the Oscillator 

Dashboard Mode

The Dashboard Mode allows users to turn on/off and select between different modes of Beginner and Advanced modes of the Dashboard. 

Strength is calculated by an arithmetically harmonized combination of 5 oscillators that focus on Overbought and Oversold Conditions.

The Trend is calculated by taking Trending Moving Averages and Trend indicators and aggregating them on a balanced scale. 

The Beginner mode shows a simpler version of the Dashboard and is best used as a user browses between different trading pairs to find extreme strength or trend conditions.

The Advanced mode shows detailed information about a specific trading pair that allows the user to look for specific changes in certain values indicating the start of a reversal of Price Action.

Off - Default setting that turns off the Dashboard

Beginner - The dashboard breaks down the 10 different indicators used into 4 categories and shows 20 different values that are based on a rating system from 0 to 5 at increments of 1. 

Overbought and Oversold Ratings show how Overbought or Oversold a trading pair is on that timeframe on a scale from 0 to 5. The higher the value indicates that the trading pair is more overbought or oversold based on those different indicators.

The Strength shown at the bottom left of the dashboard shows the aggregate strength of that trading pair. A higher Overbought Rating indicates that a downside reversal increases in probability. A higher Oversold Rating indicates that an upside reversal increases in probability. 

Downtrend and Uptrend Ratings show how the Trend is performing on that timeframe on a scale from 0 to 5. The higher the value indicates that the trading pair is Trending Up or Trending Down based on those indicators.

The Trend shown at the bottom right of the dashboard shows the aggregate trend for that trading pair. A higher Downtrend Rating indicates that the trading pair is trending down instead of ranging. A higher Uptrend Rating indicates that the trading pair is trending up instead of ranging. The lower the scores indicates that the particular trading pair on that timeframe is ranging instead of trending.

Advanced - This shows a more detailed information version of the Beginner Dashboard. Instead of using a system of 0 to 5, it uses a percentage value from 0 to 100 and changes at .01 increments. It also includes a Metric / (10) section that shows other information at a lookback of 10 bars of Price Action on the current trading pair.

Oscillator Value - shows the Strength as a combined Overbought and Oversold rating in the form of a percentage. The higher the percentage means the Price is reaching higher levels of Overbought conditions whereas the lower the percentage indicates that the trading pair is reaching Oversold conditions. This is combined into the category called Strength which shows the general strength of that trading pair. Higher Strength indicates the strength of that Price Action moves whether to the upside or downside. The title under Oscillator titled Reversal calculates the Reversal chance to Strength where a higher value increases the probability of a Price Reversal based on Strength.

Trend Value - shows the Trend as a combined Uptrend or Downtrend value in the form of a percentage. The higher the percentage means the Price is Trendinging up more than in a Range. The lower the percentage means the Price is Trending down more than in a Range. Values closer to 50% indicate that the Price is ranging and not trending. The Trend Value Category titled Trend shows the aggregate trend where a high percentage value indicates a general uptrend, a low percentage value indicates a downtrend, and a neutral or close to 50% value indicates that the Price is ranging. The title under Trend Value titled Reversal calculates the Reversal chance to Trend where a higher value increases the probability of a Price Reversal based on Trend.

Metric / (10) - shows other metrics based on a 10-bar lookback period. The metrics shown are ATR (Average True Range), BBW (Bolling Band Values), Highs (10 bar highs), Lows, (10 Bar Lows), Volume, Change %, and HTF (high timeframe) Trend. These values specifically show extra information about the current Trading Pair based on a 10-bar look-back period. The high timeframe trend shows a multi-day trend, and green or red colored values indicate if those values are more “Bullish” or more “Bearish overall

The Dashboard in both Beginner and Advanced shows detailed information about each Trading Pair. The Beginner Mode is very effective as it simplifies values allowing a user to cycle between sever different trading pairs. The Advanced Mode is much more geared towards a high information trader who uses extra points of trading pair information to initiate trades.

Stacked Dashboard

Is a tickable function that allows the user to change the layout of the indicator from being default as horizontal or enabling Stacked Dashboard which stacks the Dashboard vertically instead of horizontally

Colors

Bull Color - Changes the Bullish default color of the indicator from Green to any other color.

Bear Color - Changes the Neutral default color of the indicator from Grey to any other color.

Neutral Color - This allows the user to change the default Neutral(Exit/No Trade Zone) color from Grey to any other color. 

Strong Reversal

Strong Reversal shows on the indicator specific points that are points of reversal that are shown on the upper band or lower band depending on if it is a potential downside or upside reversal respectively. The default color of Yellow can be changed to any color.

Trend Change

Trend change is a signal that activates on the Trend Band and shows when the trend breaks from uptrend to downtrend or downtrend to uptrend. Trend change shows most specifically potential trend breaks which can be a leading indicator as the Bullish or Bearish trend breaks down. The default color of Aqua can be changed to any color.

Cross Change

Cross Change shows when Strength and Trend Bands cross. This may not always be a highly important indicator but it can be used to show an increase or decrease in the overbought or overlord conditions to up trending, down trending, or neutral Price Action. The default color is Purple and can be changed to any color.