Technical Indicator Overview  
The VaporWave | Opus is a unique momentum oscillator that blends a custom for-loop calculation with exponential moving average (EMA) smoothing to detect trend direction and strength. Built with a retro-futuristic aesthetic, this non-overlay indicator offers traders a visually striking tool to identify bullish and bearish momentum shifts, complete with customizable themes and real-time alerts.

​

Key Features 🌟  

• For-Loop Momentum Calculation: Analyzes price deviations over a user-defined range to generate a momentum score.

• Dual EMA Smoothing: Applies two EMA layers (fast and slow) for a refined view of trend dynamics.

• Theme-Driven Visualization: Features vibrant, theme-based colors (e.g., Synthwave’s cyan and magenta) with gradient fills and histogram styling.

• Boundary Lines: Includes horizontal markers at -25, 0, and 25 for easy momentum threshold tracking.

• Alert System: Triggers notifications when the indicator crosses the midline (0), signaling potential trend reversals.

​

Usage Guidelines 📋  

• Bullish Momentum: Look for the indicator value to rise above the smoothed line and cross the midline (0), plotted in the theme’s long color.

• Bearish Momentum: Watch for the indicator value to fall below the smoothed line and midline (0), displayed in the theme’s short color.

• Trend Strength: Values approaching or exceeding ±25 indicate strong momentum; use these levels to confirm trade setups.

• Alerts: Leverage midline crossover alerts to stay informed of significant momentum shifts without constant chart monitoring.

​

Customizable Settings ⚙️  

• Theme Selection: Choose from Synthwave, Origins, Outrun, Lush, Eighties, Sapphire, or Scarlet Blues to match your visual preference.

• For-Loop Parameters: Adjust Parameter A (default: 12) and Parameter B (default: 41) to fine-tune the momentum calculation range.

​

Applications 🌍 
The VaporWave | Opus is ideal for traders seeking a momentum-based tool with a distinctive retro aesthetic. Perfect for spotting trend reversals, confirming momentum strength, and enhancing trade timing across various markets, this indicator combines analytical precision with a creative edge—all under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0) © 2025 Opus Capital.

​

Technical Methodology (Bonus Section) 🔍  

• Momentum Score: Computes a reference value (weighted average of current and prior close) and uses a for-loop to tally directional shifts over a specified range.

• Smoothing Process: Applies a 7-period EMA for the main indicator value and a 14-period EMA for the smoothed histogram.

• Visualization Logic: Colors shift dynamically based on the indicator’s position relative to the smoothed line, with fills enhancing readability.

• Alerts: Detects midline crossovers (0) to trigger actionable trade signals, delivered once per bar close.