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LuxAlgo - Screener (OSC)

By LuxAlgoFeb 20, 2024

The LuxAlgo® - Screener (OSC) turns the Oscillator Matrix™ toolkit into a watchlist instrument: up to 10 tickers, each on its own timeframe, reporting the oscillator pane's key readings in one table on your chart. It is the momentum trader's scanner: instead of checking ten panes for a divergence or an overbought turn, the table shows where the conditions already exist. Access comes with the toolkit. Having Oscillator Matrix™ automatically grants the OSC screener.

What's Inside the Screener (OSC)?

  • Market columns: Price, Volume, %Change, and Change give each row its baseline market data.
  • HWO Signal: the most recent HyperWave signal on the ticker, the screener's window into the toolkit's primary oscillator engine.
  • Money Flow: the current money flow oscillator value, reading participant activity above or below the 50 line per ticker.
  • Overflow: the current Overflow value, flagging excess one-sided liquidity that often precedes reversals.
  • HyperWave: the current HyperWave oscillator value, locating each ticker between oversold and overbought territory.
  • Reversal: the most recent reversal signal detected on the ticker, minor or major.
  • Divergence: the most recent divergence detected between the ticker's price and its HyperWave, real-time divergence coverage across the whole list.
  • Confluence: the most recent confluence status, condensing agreement between the toolkit's components into one cell.
  • Rating: the five-grade confluence score over enabled elements: ▲ Strong Bullish (over 80% bullish), △ Bullish (60–80%), ― Neutral (40–60%), ▽ Bearish (20–40%), ▼ Strong Bearish (under 20%).
  • Filtering: per-element filter dropdowns; option-based elements filter to a precise state while value elements use Above/Below operators, and multiple rules combine, for example Money Flow Above 50 to keep only tickers with bullish participation.
  • Sorting: ascending or descending by Rating, Money Flow, or HyperWave, with None preserving the ticker-settings order.
  • Placement: a dedicated pane by default with six position choices (Top/Bottom Center, Right, Left), or drag the table directly onto the price chart.

How to Trade with the Screener (OSC)?

  • Scan for stretched conditions: sort by HyperWave ascending to surface the most oversold tickers of the list, or descending for overbought candidates approaching exhaustion.
  • Qualify with participation: a promising reversal row means more when its Money Flow value confirms. Filter Money Flow Above 50 for longs so the table only shows tickers with bullish liquidity behind them.
  • Watch the Reversal and Divergence columns together: a fresh divergence plus a recent reversal signal on the same row is the toolkit's classic confluence pairing, pre-screened across ten markets.
  • Let the Rating summarize: when most enabled elements lean one way the Rating grade shows it instantly, making it the fastest first-pass sort for the whole table.
  • Align timeframes per ticker: duplicate a symbol across rows with different timeframes to check whether its oscillator picture agrees from intraday to swing resolution before committing on the chart.

Key Settings & Modes

  • Tickers: 10 slots with per-row timeframes; defaults include BTCUSDT, ETHUSDT, SOLUSDT, ADAUSDT, SPX, AAPL, TSLA, NVDA, EURUSD, and GBPUSD. Exact ticker/timeframe duplicates are suppressed.
  • Screener Elements: enable/disable toggles, colors, and filter dropdowns per element.
  • Smart Money Flow group: Main Length and Smooth for the Money Flow calculation.
  • HyperWave group: Main Length, Signal & Signal Length, and Divergence Sensitivity.
  • Reversals group: Reversal Factor pacing reversal detection.
  • Location and Sorting: pane position, sorted element, and ascending/descending direction.

Frequently Asked Questions

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