The Derivative Oscillator calculates a double-exponentially smoothed Relative Strength Index (RSI) and subtracts its Simple Moving Average (SMA) to form the main oscillator line. A secondary signal line is plotted using an SMA of the main oscillator values. Th
Indicator · Pine Script v6 · Own pane
Capital Rotational Event (CRE)
The Capital Rotational Event (CRE) indicator tracks capital flows and rotational momentum between two selectable assets, defaulting to SPY and GLD.
GitHub stars7on the repository
Pine versionv6current
Lines of code59
Settings4inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
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
Capital Rotational Event (CRE) calculates a relative strength ratio between the target assets, smoothed by a moving average, along with a momentum oscillator derived from changes in relative strength. Bullish or bearish signals trigger when relative strength and momentum align, displaying shape markers and background shading in a separate pane.
- Relative strength calculation between two symbol inputs
- Relative strength momentum oscillator
- Rotational signal identification with background shading
- Configurable asset symbols and smoothing parameters
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Asset #1 (lead) | symbol | SPY | pairSymbol |
| Asset #2 (rotate into) | symbol | GLD | pairSymbol2 |
| RS Length | int | 14 | lenRS |
| Momentum Length | int | 9 | lenMom |
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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