Quorum Oscillator
- Indicators
-
Andres Felipe Carvajal Rodriguez
I do not develop indicators to follow the market. I develop algorithms to understand it.
My goal is to transform price complexity into objective, robust, and efficient tools that help traders make decisions with greater precision, consistency, and risk control. - Version: 1.0
- Activations: 12
QUORUM OSCILLATOR – Adaptive Market Regime & Momentum Oscillator
Three layers of analysis. Two lines. A more complete read of the market.
Quorum Oscillator is a technical indicator for MetaTrader 5 that combines extreme analysis, cyclical behavior, and directional efficiency into a single visual oscillator.
Unlike traditional oscillators, which maintain a constant interpretation regardless of market conditions, Quorum dynamically adapts its calculations to place greater emphasis on extremes in ranging markets and on cyclical behavior in trending markets.
The result is a tool designed to help traders better interpret momentum, recognize potential shifts in direction, and evaluate when different market components begin to align.
What makes Quorum different?
Quorum operates using three complementary layers:
- Extreme Layer – Extreme Detection Uses an inverted Williams %R to gauge price position within its range and applies a Fisher transform to achieve a more sensitive reading of extreme price movements. It helps identify when price reaches relatively overextended positions within its recent range.
- Cycle Layer – Cycle Analysis Incorporates the Laguerre RSI to analyze shifts in rhythm and market oscillations. Its role is to provide insight into cyclical behavior and help recognize potential momentum transitions.
- Regime Layer – Market Adaptation Uses the Kaufman Efficiency Ratio (ER) to estimate whether the market is exhibiting predominantly ranging or trending behavior. This layer does not generate a third line. Instead, it dynamically adjusts the weighting of the other two:
- In ranging conditions, it increases the weight of the extreme analysis.
- In trending conditions, it increases the weight of the cyclical analysis.
- Between both regimes, the transition is gradual. With default parameters, the weighting shifts approximately from 65/35 to 35/65 between extremes and cycle.
Two lines, two perspectives
- Quorum – White line Represents the current state of the market through the adaptive combination of Fisher and Laguerre. It allows you to observe how extremes and cyclical behavior interact while accounting for prevailing market conditions.
- Consensus – Gold line An independent second composite, not a simple moving average of Quorum. It combines smoothed Fisher, smoothed Laguerre, and a regime-based directional bias component. In uptrends, this component shifts the reference moderately upward; in downtrends, downward. In this way, the consensus line incorporates directional context without relying solely on recent price direction.
How to interpret the indicator
The crossover between Quorum and Consensus represents a point of convergence between the current state of the market and its consensus reference.
- Bullish crossover: Quorum crosses above Consensus. This may indicate a favorable shift in momentum, especially when occurring from lower levels.
- Bearish crossover: Quorum crosses below Consensus. This may indicate weakening momentum, especially when occurring from upper levels.
- Separated lines: Indicates divergence between the current market state and consensus.
- Converging lines: Both perspectives are coming into alignment.
- Both lines rising: Both current behavior and consensus show favorable momentum.
- Both lines falling: Both perspectives indicate a weakening market.
The gray horizontal levels (26.89, 50, and 73.11 under default settings) serve as visual scale references. They do not represent automatic signals or buy/sell orders.
Key advantages
- Regime adaptation: Modifies the relative importance of its components according to market conditions.
- Complementary analysis: Combines extremes and cyclical behavior instead of duplicating indicators that essentially measure the same thing.
- Independent consensus: Incorporates a second perspective that accounts for smoothed momentum and directional context.
- Clean visual reading: Concentrates three layers of analysis into two lines, without arrows or unnecessary visual clutter.
- Identification of potential transitions: Makes it easier to spot crossovers, convergences, separations, and shifts in behavior.
- Flexible configuration: Allows customization of periods, cycle sensitivity, weighting, regime thresholds, and calculation timeframe.
Timeframes and settings
Quorum allows you to select the calculation timeframe independently from the chart timeframe, facilitating the analysis of different market horizons. When using a higher timeframe, historical bars respect the close of the corresponding candles, while the higher-timeframe candle that is still open continues to update.
The indicator supports customizable settings for:
- Williams %R period
- Laguerre gamma
- Kaufman efficiency period
- Regime identification thresholds
- Base weighting between extremes and cycle
- Consensus smoothing period
- Calculation timeframe
- Colors and visual reference levels
Important
Quorum Oscillator is a technical analysis tool, not an automated trading system. It does not generate orders, execute trades, or use arrows to indicate entries or exits. The lines update while the current candle is open, meaning crossovers can change before the close. To evaluate a crossover as confirmed, you should wait for the corresponding candle to close.
Quorum Oscillator It’s not about adding more indicators to your chart. It’s about combining different dimensions of the market and observing when they begin to agree.
