This indicator plots a volume-weighted MACD in a separate pane. It subtracts a slow volume-weighted moving average of close from a faster one, then smooths that line with an exponential moving average to form the signal. A column histogram shows the gap betwee
Indicator · Pine Script v4 · Own pane
Aggregate Signal (v.2)
Aggregate Signal (v.2) is an oscillator indicator that combines multiple technical factors into a single composite score.
Repaints
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code110
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 (v.2) scales OHLCV data using minimax normalization and evaluates indicators such as MACD, RSI, Stochastic, CCI, Momentum, On-Balance Volume, Directional Index, Volume-Weighted MACD, and Chaikin Money Flow. The script averages these normalized readings and retrieves data from an automatically selected higher timeframe. Drawn in a separate pane, inputs adjust the lookback window, scaler length, and upper and lower thresholds. Values repaint on unclosed higher timeframe bars.
- Multi-indicator composite scaling
- Minimax normalization function
- Higher timeframe security integration
- Configurable threshold levels
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, 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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