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Hameral Super Oscillator PRO Indicator for

NinjaTrader

📌 What is SuperOscillator?

The Hameral Super Oscillator PRO is a powerful multi-oscillator indicator that blends five classic momentum tools into one unified output. Designed to reveal clean overbought and oversold signals, it filters out noise and highlights key reversal zones with high-precision visual cues. Signal dots are only drawn when the market shows both technical and candlestick confirmation of exhaustion, giving traders an edge in spotting strong reversal opportunities.

🔍 What are the Functions of Super Oscillator?

📉 Bollinger Bands (Optional)

  • Show Bollinger Bands – Toggle to enable or disable Bollinger Bands plotted around the oscillator line.
  • Bollinger Period – Sets the number of bars used to calculate the Bollinger Bands. Default is 20.
  • Bollinger StdDev – Defines how many standard deviations away from the mean the bands are plotted. Default is 2.0.

Use Bollinger Bands to visualize volatility and detect extreme deviations of the oscillator from its mean, helping identify potential mean-reversion setups.

📐 Levels

  • Overbought Level – Defines the custom threshold above which the oscillator is considered overbought. Default is 70.
  • Oversold Level – Defines the custom threshold below which the oscillator is considered oversold. Default is 30.

These levels allow traders to adapt the indicator’s sensitivity to market conditions. When the oscillator crosses into or out of these zones, it may signal exhaustion, reversal setups, or trend continuation pressure depending on price context and candlestick confirmation.

🎨 Plot Options

  • Show Signal Dots – Enables or disables the display of reversal signal dots directly on the chart. When enabled, dots appear only when the oscillator is in an extreme zone and confirmed by strong price rejection candles.
  • Signal Dot Color – Customize the color of the reversal dots using a color name (e.g., MediumPurple). This allows clear visual contrast with your chart theme.

Signal dots are an essential visual confirmation tool. They only trigger when both oscillator extremes and candlestick exhaustion align, helping traders avoid false reversals and spot strong turning points with more clarity.

⚠️ Important: Use the signals with caution. They are most effective when used in confluence with key levels, during balanced market conditions, or when the market is clearly overextended. Signals are not guaranteed to produce profitable trades and should always be confirmed with additional context or tools.

⚙️ Core Calculation Parameters

  • MFI Period – Sets the period for the Money Flow Index, a volume-weighted momentum indicator. Default: 14.
  • Williams %R Period – Period for Williams %R, measuring overbought and oversold conditions relative to recent highs and lows. Default: 14.
  • TDI RSI Period – Period of the RSI used in the Traders Dynamic Index calculation. Default: 13.
  • TDI Fast MA Period – Fast moving average applied to the TDI RSI value. Default: 2.
  • TDI Slow MA Period – Slow moving average applied to the TDI RSI. Default: 7.
  • Stochastic Period K – Lookback period for the %K line of the Stochastic oscillator. Default: 14.
  • Stochastic Smooth – Smoothing factor applied to the %K line. Default: 3.
  • Stochastic Period D – Period for the %D line (smoothed signal) of the Stochastic. Default: 3.
  • MA Period – Period for the moving average applied directly to the oscillator output line. Default: 9.

These parameters control how each of the five integrated oscillators is calculated. You can adjust them to fine-tune the responsiveness of the composite output, depending on your trading timeframe or volatility conditions.

📈 How to Use Super Oscillator Effectively?

The Hameral Super Oscillator PRO is designed to simplify momentum analysis by combining multiple oscillators into one intelligent signal line. Here’s how to get the most out of it:

✅ 1. Identify Reversal Zones with Confidence

  • Watch for the oscillator to reach – above 80 or below 20.
  • Look for the line to reverse direction (e.g., turning down from 85 or up from 15).
  • Use the Signal Dots as confirmation – they appear only when a strong price rejection occurs (like a candle closing near its low or high).

🔍 2. Confirm with Key Levels

  • Only act on signals that align with important **support/resistance zones**, **VWAP**, **previous session highs/lows**, or **volume profile edges**.
  • The oscillator is most reliable in **balanced** or **overextended** market conditions – avoid noisy sideways chop.

📊 3. Use Moving Average & Bollinger Bands for Trend Context

  • The built-in Moving Average helps smooth signals and spot trend continuation or divergence.
  • If enabled, the Bollinger Bands around the oscillator show when price is stretching too far from mean momentum, giving early signs of potential reversals or exhaustion.

⚠️ 4. Don’t Use It Blindly

  • This is not a “buy or sell signal” tool on its own – always confirm with **price structure**, **volume behavior**, or **order flow**.
  • Example mistake: Entering every time the oscillator hits 80/20 without confluence = poor results.

Pro Tip: Combine the oscillator with volume divergence, price action patterns (e.g., pin bars, engulfing), or higher-timeframe bias for high-probability setups.

Reminder: No indicator can predict the market with certainty. Always apply risk management and test signals in a demo or strategy tester first.

🛠️ How to Install Super Oscillator in NinjaTrader 8

  1. Download the pack: HameralOrderFlowIndicatorsPRO.zip
  2. In NinjaTrader, go to Tools → Import → NinjaScript Add-On
  3. Select the ZIP file and click Open
  4. Restart NinjaTrader 8
  5. Right-click chart → Indicators → Search “Hameral”
  6. Add it to your chart and customize it

📥 Get The Order Flow Basic Pack For FREE

Just sign up for our newsletter and get the full Hameral Basic Order Flow Pack instantly. This includes:

  • ✅ Volume Profile Basic
  • ✅ VWAP Basic
  • ✅ Delta Bars Basic
  • ✅ Footprint Basic
  • 🎁 Bonus: Super Oscillator + Trading Template
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💼 Need Advanced Order Flow Tools?

Looking for more flexibility and institutional-grade control? You’ll love the Hameral Pro Order Flow Pack, which includes:

  • 📊 Session-by-session & Multi-Timeframe Volume Profiles
  • 📌 Anchored Volume Profile
  • 📈 Multi-Session VWAP with Standard Deviation Bands
  • 📍 Anchored VWAP
  • 📉 Cumulative Delta
  • 🕯️ Advanced Footprint Chart — visualize order flow inside each candle, including absorption, delta, and more
  • ⚡ Super Oscillator PRO with Market Extension Trigger
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