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Normalized Oscillators Spider Chart

By LuxAlgoJun 28, 2021

Static chart image

Normalized Oscillators Spider Chart condenses an entire oscillator panel into one radial graphic drawn beside price, working the way composite oscillators do: put everything on a shared scale, then read it together. Eight spokes (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

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