Regime Oscillator [SuperCharting]

A Pine Script indicator by jayadev.

A smoothed position-in-range oscillator from -100 to +100 with a gradient histogram, a signal line and shaded overbought and oversold zones. Dots mark signal crosses that happen inside the extremes, the classic regime turn.

Settings: length, smoothing, colours. Alerts on reversals from both extremes.

Test it free on supercharting.com