It is based on the algorithms powering the PRISM OSCILLATORS SET, where instead of the pRSI, the main-oscillator (main-osc) is instead powered by an oscillator modulated by the sophisticated scoring engine of the CYBER ENSEMBLE buy/sell indicator. tradingview.com/script/TtTM3A5x-PRISM-Oscillators-Set-PREMIUM/
In Summary The Snap oscillator (yellow/pink) pulls the Jerk oscillator (lime), which in turns pulls the Acceleration oscillator (red), which then pulls the momentum oscillator (blue/orange fill). These constitutes the MAJeStic-Oscillators (or the MAJs) which are modulated by the main-osc.
These reveals the underlying movement of the main-osc (green/red). The Stochs of the main-osc (Stoch(main-osc)) is hidden by default, but can be made visible in the settings; and the background color fill/shading (green/red) suggests overbought/oversold states of the Stoch(main-osc).
See PRISM OSCILLATORS SET for more detailed descriptions of the various derived oscillators modulated by the main-osc.
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