# Normalized Oscillators Spider Chart

Normalized Oscillators Spider Chart is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®.

The Normalized Oscillators Spider Chart overlays a radial spider chart beside price, giving eight normalized oscillators (RSI, %K, MFI, WPR, CMO, Aroon and more) one shared view with a dashed median reference. Its sentiment meter averages the spokes into a single trend-versus-range reading, for traders who want a full oscillator panel without extra panes.

- Indicator in the LuxAlgo Library, by LuxAlgo, published Jun 28, 2021.
- Access: free.
- Concepts: [Composite Oscillators](https://www.luxalgo.com/library/concept/composite-oscillators/) (primary), [Min-max Scaling](https://www.luxalgo.com/library/concept/min-max-scaling/), [RSI](https://www.luxalgo.com/library/concept/rsi/), [Stochastic Oscillator](https://www.luxalgo.com/library/concept/stochastic-oscillator/)
- Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn4574005svhsgmr0dn2kg
- Page: https://www.luxalgo.com/library/indicator/normalized-oscillators-spider-chart/

**Normalized Oscillators Spider Chart** condenses an entire oscillator panel into one radial graphic drawn beside price, working the way [composite oscillators](https://www.luxalgo.com/library/concept/composite-oscillators/) do: put everything on a shared scale, then read it together. Eight spokes ([RSI](https://www.luxalgo.com/library/concept/rsi/), stochastic %K, correlation, MFI, WPR, the percentage of upward variations, CMO, and the Aroon oscillator) radiate from a common center, with a dashed line marking each oscillator's median.

## How to Trade the Normalized Oscillators Spider Chart?

- **Spokes stretched past the median**: several oscillators leaning the same way expose broad overbought or oversold pressure in a single glance.
- **Sentiment meter**: the averaged reading condenses the whole panel: values hovering near 50 imply a ranging market, while sustained deviation from 50 points to trending conditions.
- **Prune the spokes**: disable any oscillator in the settings and the spider chart re-draws itself with fewer axes, keeping only the measures you actually trade.

The payoff is chart hygiene. Trend direction and exhaustion get assessed across eight measures at once, without stacking eight separate subwindows beneath your candles.

## Normalized Oscillators Spider Chart Settings

- **RSI, %K, COR, MFI, WPR, %UP, CMO, AOS**: a toggle per spoke, each with its own length input beside it.
- **Global Oscillators Length**: one synchronized length applied to every oscillator when enabled.
- **Spider Chart Length**: the graphic's horizontal span.
- **Spider Chart Offset**: spacing between the latest bar and the spider chart's left edge.

## Frequently Asked Questions

### What does a high sentiment meter reading suggest?

A reading well away from 50 points to a stronger prevailing trend, while values near 50 describe a range-bound market. It works as a quick regime check before committing to momentum or mean-reversion tactics.

### How does it compare to Market Sentiment Technicals?

[Market Sentiment Technicals](https://www.luxalgo.com/library/indicator/market-sentiment-technicals/) rolls many readings into a single consensus dial, whereas the spider chart keeps every oscillator visible as its own spoke. Choose the spider view when you want to see which component is driving the picture.

### How do I access the Normalized Oscillators Spider Chart?

It is free for everyone in the LuxAlgo Library. The indicator can also be run in Quant, our coding agent, right from this page, no subscription involved. You can also copy the source code from this page and run it anywhere Pine Script® runs.

## Related indicators

- [Oscillator Matrix](https://www.luxalgo.com/library/indicator/luxalgo-oscillator-matrix/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/luxalgo-oscillator-matrix.md
- [LuxAlgo - Screener (OSC)](https://www.luxalgo.com/library/indicator/luxalgo-screener-osc/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/luxalgo-screener-osc.md
- [Omni-Flow Consensus](https://www.luxalgo.com/library/indicator/omni-flow-consensus/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/omni-flow-consensus.md
- [RSI Multi Length](https://www.luxalgo.com/library/indicator/rsi-multi-length/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/rsi-multi-length.md
- [Market Sentiment Technicals](https://www.luxalgo.com/library/indicator/market-sentiment-technicals/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/market-sentiment-technicals.md
- [SuperTrend Polyfactor Oscillator](https://www.luxalgo.com/library/indicator/supertrend-polyfactor-oscillator/) (Composite Oscillators): markdown at https://www.luxalgo.com/library/indicator/supertrend-polyfactor-oscillator.md
- [Circular Barplot - Oscillators Sentiment](https://www.luxalgo.com/library/indicator/circular-barplot-oscillators-sentiment/) (Min-max Scaling): markdown at https://www.luxalgo.com/library/indicator/circular-barplot-oscillators-sentiment.md
- [RSI Candlestick Oscillator](https://www.luxalgo.com/library/indicator/rsi-candlestick-oscillator/) (RSI): markdown at https://www.luxalgo.com/library/indicator/rsi-candlestick-oscillator.md

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Source: https://www.luxalgo.com/library/indicator/normalized-oscillators-spider-chart/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/