OPEN-SOURCE SCRIPT

Hyper Strength Index | QuantLapse

257
🧠 Hyper Strength Index (HSI) | QuantLapse

Overview:
The Hyper Strength Index (HSI) is a composite momentum oscillator designed to unify multiple strength measures into a single, adaptive framework. It combines the Relative Strength Index (RSI), Chande Momentum Oscillator (CMO), Money Flow Index (MFI), and Stochastic RSI to deliver a refined, multidimensional view of market momentum and overbought/oversold conditions.

Unlike traditional oscillators that rely on a single formula, the HSI averages four distinct momentum perspectives — price velocity, directional conviction, volume participation, and stochastic behavior — offering traders a more balanced and noise-resistant reading of market strength.

⚙️ Calculation Logic:

The Hyper Strength Index is computed as the normalized average of:
  • 📈 RSI — classic measure of relative momentum.

  • 💪 CMO — captures directional bias and intensity of moves.

  • 💵 MFI — integrates volume and money flow pressure.

  • 🔄 Stochastic RSI (K-line) — identifies momentum extremes and short-term turning points.

This fusion creates a smoother, more comprehensive signal, mitigating the weaknesses of any single oscillator.

🎯 Interpretation:

Overbought Zone (Default: > 75):
Indicates potential exhaustion of bullish momentum — a cooling phase or reversal may follow.

Oversold Zone (Default: < 7):
Suggests bearish exhaustion — a rebound or accumulation phase may emerge.

Neutral Zone (Between 7 and 75):
Represents balanced market conditions or trend continuation phases.

Visual cues highlight key conditions:

🔺 Red Highlights — Overbought regions or downward inflection points.

🔻 Green Highlights — Oversold regions or upward inflection points.

Neutral zones are shaded with subtle gray backgrounds for clarity.

💡 Key Features:

🔹 Multi-factor strength analysis (RSI + CMO + MFI + StochRSI).

🔹 Adaptive overbought/oversold detection.

🔹 Visual alerts via colored backgrounds and bar markers.

🔹 Customizable smoothing and length parameters for fine-tuning sensitivity.

🔹 Intuitive visualization ideal for both short-term scalping and swing trading setups.

🧭 Usage Notes:

Works best as a momentum confirmation tool — pair with trend filters like EMA, SuperTrend, or ADX.

In trending markets, use crossovers from extreme zones as potential continuation or exhaustion signals.

In ranging markets, exploit overbought/oversold reversals for high-probability mean reversion trades.

📘 Summary:

The Hyper Strength Index | QuantLapse distills multiple dimensions of market strength into a single, cohesive oscillator. By merging price, volume, and directional momentum, it provides traders with a more robust, responsive, and context-aware perspective on market dynamics — a next-generation evolution beyond the limitations of RSI or CMO alone.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.