PHOENIX OSC Trading Guide
The Phoenix Oscillator measures market energy by dynamically subtracting a Slow RSI from a Fast RSI. By tracking the difference between short-term noise and long-term trend momentum, it elegantly visualizes shifts between Bullish and Bearish market energy.
What does the indicator show?
- Energy Histogram: A colored bar chart oscillating around a zero line.
- Bright Green / Dark Green: Phoenix value is above zero. Bright green indicates bullish energy is growing, while dark green indicates it is fading.
- Bright Red / Dark Red: Phoenix value is below zero. Bright red indicates bearish energy is growing, while dark red means it is fading.
- Signal Line: An orange smoothed Moving Average (EMA) of the Phoenix value itself, providing clear entry points when crossovers occur.
- Zero Line: The absolute baseline dividing bull-controlled and bear-controlled environments.
Key Settings
- Fast / Slow RSI Periods: Defines the lengths of the two underlying Relative Strength Indexes used to compute the energy gap.
- Signal EMA Period: Controls how tightly the orange signal line hugs the main histogram.
- Strength Lookback: Number of bars evaluated historically to determine overall macro strength (Bulls vs Bears).
How to use Strategy Parameters (Condition Source)
Within the Strategy Tester module, you can leverage the data from this indicator to create powerful logical conditions for trade entries and exits.
1. Energy Reversal Signals
Explicit triggers when the market energy definitively shifts directions.
crossZeroBull— Fires directly when the histogram pushes out of the red and crosses the Zero line into the green.crossZeroBear— Fires when the histogram collapses below the Zero line into the red.crossSignalBull/crossSignalBear— Fires slightly earlier than Zero crosses, occurring exactly when the histogram crosses the orange Signal line.
Strategy Example: For an aggressive early-entry setup, trigger a Buy when crossSignalBull is true, confirming short-term momentum is outpacing the moving average.
2. Underlying Oscillators
Raw values driving the indicator.
val— The raw difference between the Fast and Slow RSI (the histogram height).signal— The EMA value of the Phoenix histogram.
Strategy Example: Use val > 0 as a strict filter to ensure you only take Long trades when bullish energy is active.