Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v4 · Own pane
Aggregate Signal
This indicator builds an aggregate oscillator in a separate pane.
Repaints
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code109
Settings6inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Aggregate Signal scales open, high, low, close, and volume into a 0 to 1 range, then averages scaled readings from MACD, a MACD histogram, RSI, stochastic, CCI, momentum, OBV, a directional index, volume-weighted MACD, and Chaikin money flow. Upper and lower threshold inputs color the reading. A second series requests the same aggregate from a mapped higher timeframe. The higher-timeframe value can change until that bar closes. It is not a strategy and has no entries or exits.
- Minimax scaling of price and volume
- Averaged MACD, RSI, stochastic, CCI and volume factors
- Configurable upper and lower thresholds
- Higher-timeframe aggregate series
- Separate pane oscillator
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lookback Window | int | 89 | tper |
| Upper Threshold #1 | int | 70 | uth1 |
| Upper Threshold #2 | int | 80 | uth2 |
| Lower Threshold #1 | int | 30 | lth1 |
| Lower Threshold #2 | int | 20 | lth2 |
| Scaler Lookback | int | 13 | mmx |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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