PROJECTION OSCILLATOR Trading Guide

The Projection Oscillator is a quantitative technical analysis tool. Projection Oscillator Bounded 0..100 oscillator based on Projection Bands logic. It projects recent highs/lows to the current bar using the linear-regression

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Projection Length (projectionLength): Controls the calculation period and sensitivity for market detection.
• Signal EMA Length (signalLength): Controls the calculation period and sensitivity for market detection.
• PO Smoothing (smoothLength): Controls the calculation period and sensitivity for market detection.
• Overbought Level (overbought): Controls the calculation period and sensitivity for market detection.
• Oversold Level (oversold): Controls the calculation period and sensitivity for market detection.
• Divergence Pivot Left (divPivotLeft): Controls the calculation period and sensitivity for market detection.
• Divergence Pivot Right (divPivotRight): Controls the calculation period and sensitivity for market detection.
• Divergence Min Bars (divMinBars): Controls the calculation period and sensitivity for market detection.
• Divergence Max Bars (divMaxBars): Controls the calculation period and sensitivity for market detection.
• Projection Oscillator (po): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• PO - Signal (histogram): Controls the calculation period and sensitivity for market detection.
• Projection Oscillator (po): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• Bullish Divergence (bull): Controls the calculation period and sensitivity for market detection.
• Bearish Divergence (bear): Controls the calculation period and sensitivity for market detection.
• Above 50 Fill (bullFill): Controls the calculation period and sensitivity for market detection.
• Below 50 Fill (bearFill): Controls the calculation period and sensitivity for market detection.
• Overbought Fill (upperFill): Controls the calculation period and sensitivity for market detection.
• Oversold Fill (lowerFill): Controls the calculation period and sensitivity for market detection.
• Level Lines (level): Controls the calculation period and sensitivity for market detection.
• Projection Oscillator (po): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• PO - Signal (histogram): Controls the calculation period and sensitivity for market detection.
• Raw Projection Oscillator (rawPo): Controls the calculation period and sensitivity for market detection.
• Upper Projection Band (upperProjection): Controls the calculation period and sensitivity for market detection.
• Lower Projection Band (lowerProjection): Controls the calculation period and sensitivity for market detection.
• PO Bullish Cross (bullCross): Controls the calculation period and sensitivity for market detection.
• PO Bearish Cross (bearCross): Controls the calculation period and sensitivity for market detection.
• PO Overbought (isOverbought): Controls the calculation period and sensitivity for market detection.
• PO Oversold (isOversold): Controls the calculation period and sensitivity for market detection.
• PO Reclaimed Oversold (reclaimOversold): Controls the calculation period and sensitivity for market detection.
• PO Rejected Overbought (rejectOverbought): Controls the calculation period and sensitivity for market detection.
• Bullish PO Divergence (bullDivergence): Controls the calculation period and sensitivity for market detection.
• Bearish PO Divergence (bearDivergence): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• bullCross - PO Bullish Cross event signal.
• bearCross - PO Bearish Cross event signal.
• isOverbought - PO Overbought event signal.
• isOversold - PO Oversold event signal.
• reclaimOversold - PO Reclaimed Oversold event signal.
• rejectOverbought - PO Rejected Overbought event signal.
• bullDivergence - Bullish PO Divergence event signal.
• bearDivergence - Bearish PO Divergence event signal.

2. Filters and Trade Levels

• projectionLength - Projection Length value used for structural qualification or thresholds.
• signalLength - Signal EMA Length value used for structural qualification or thresholds.
• smoothLength - PO Smoothing value used for structural qualification or thresholds.
• overbought - Overbought Level value used for structural qualification or thresholds.
• oversold - Oversold Level value used for structural qualification or thresholds.
• divPivotLeft - Divergence Pivot Left value used for structural qualification or thresholds.
• divPivotRight - Divergence Pivot Right value used for structural qualification or thresholds.
• divMinBars - Divergence Min Bars value used for structural qualification or thresholds.
• divMaxBars - Divergence Max Bars value used for structural qualification or thresholds.
• po - Projection Oscillator value used for structural qualification or thresholds.
• signal - Signal EMA value used for structural qualification or thresholds.
• histogram - PO - Signal value used for structural qualification or thresholds.
• po - Projection Oscillator value used for structural qualification or thresholds.
• signal - Signal EMA value used for structural qualification or thresholds.
• histogram - PO - Signal value used for structural qualification or thresholds.
• rawPo - Raw Projection Oscillator value used for structural qualification or thresholds.
• upperProjection - Upper Projection Band value used for structural qualification or thresholds.
• lowerProjection - Lower Projection Band value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.