Projection Oscillator

An oscillator projecting the high-low channel onto a 0–100 scale. The Projection Oscillator (PO) maps the close against a price range obtained by projecting the regression line onto the current period. Values above 80 mean overbought, below 20 — oversold. The signal line is a smoothed version of the oscillator.

Formula

Upper Projection = Highest(Proj_High, period)
Lower Projection = Lowest(Proj_Low, period)
PO = 100 * (Close - Lower) / (Upper - Lower)
Signal = SMA(PO, smooth)

Parameters

Parameter	Type	Default	Range / Values
Period	int	14	1-200
Smooth	int	3	1-20

Triggers

Trigger	Direction	Condition	Description
Level cross up	🟢 Buy	The indicator value crossed the specified level from below to above.	The Projection Oscillator line crosses the configurable Level from below to above. Level is set in the trigger parameters.
Level cross down	🔴 Sell	The indicator value crossed the specified level from above to below.	The Projection Oscillator line crosses the Level from above to below. Level is set in the trigger parameters.
Value above level by N	🟢 Buy	The indicator value rose above the level by the specified distance.	The Projection Oscillator line crosses the Level + Distance mark moving up. The distance delays entry until a confirmed breakout of the level.
Value below level by N	🔴 Sell	The indicator value dropped below the level by the specified distance.	The Projection Oscillator line crosses the Level − Distance mark moving down.
Value rising	🟢 Buy	The indicator value is rising relative to the previous bar.	The Projection Oscillator line is higher on the current bar than on the previous one — upward momentum.
Value falling	🔴 Sell	The indicator value is falling relative to the previous bar.	The Projection Oscillator line is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar.
Slope turns positive	🟢 Buy	The indicator’s slope turned positive — an upward reversal.	The Projection Oscillator line changes its slope from falling to rising — the indicator stopped falling and started rising.
Slope turns negative	🔴 Sell	The indicator’s slope turned negative — a downward reversal.	The Projection Oscillator line changes its slope from rising to falling — the indicator stopped rising and started falling.
Signal line cross up	🟢 Buy	The main line crossed the signal line from below to above — a buy signal.	The Projection Oscillator line crosses the signal line from below to above — a bullish crossover.
Signal line cross down	🔴 Sell	The main line crossed the signal line from above to below — a sell signal.	The Projection Oscillator line crosses the signal line from above to below — a bearish crossover.
Histogram crosses zero up	🟢 Buy	The histogram crossed zero from below to above — a buy signal.	The histogram (Projection Oscillator) crosses the zero level from below to above — a bullish signal.
Histogram crosses zero down	🔴 Sell	The histogram crossed zero from above to below — a sell signal.	The histogram (Projection Oscillator) crosses the zero level from above to below — a bearish signal.
Line diverges from signal	↕️ Both	The distance between the main line and the signal line increased by the specified amount.	The Projection Oscillator line moves away from the signal line — momentum is strengthening.
Line converges to signal	↕️ Both	The distance between the main line and the signal line decreased by the specified amount.	The Projection Oscillator line converges to the signal line: the distance shrinks, a crossover may be brewing.
Enter overbought zone	🔴 Sell	The oscillator entered the overbought zone.	The Projection Oscillator line crosses the overbought threshold Overbought from below to above — the upper extreme of the range is reached. In a countertrend strategy it is used as a sell signal.
Enter oversold zone	🟢 Buy	The oscillator entered the oversold zone.	The Projection Oscillator line crosses the oversold threshold Oversold from above to below — the lower extreme of the range is reached. In a countertrend strategy it is used as a buy signal.
Exit overbought zone	🔴 Sell	The oscillator exited the overbought zone.	The Projection Oscillator line returns below the overbought threshold Overbought — upward momentum is weakening.
Exit oversold zone	🟢 Buy	The oscillator exited the oversold zone.	The Projection Oscillator line rises above the oversold threshold Oversold — downward momentum is weakening.

Trigger parameters

Parameter	Type	Default	Range / Values
Oversold (Enter oversold zone, Exit oversold zone)	float	20	0-50
Level (Value above level by N, Value below level by N, Level cross up, Level cross down)	float	0
Overbought (Enter overbought zone, Exit overbought zone)	float	80	50-100
Min Delta (Line converges to signal, Line diverges from signal)	float	0	0>
Distance (Value above level by N, Value below level by N)	float	0	0>

Use in Cryptorg

This indicator is available in Cryptorg on Bybit and Binance liquidity. Its triggers integrate directly into Crazy bots — use them to open or close deals automatically.