Oscillator Workbench — Chart plots a configurable blend of two built-in oscillators and an optional external oscillator on the price chart. It draws a weighted oscillator line and a reference moving average, coloring both by successive up or down states. Users
Indicator · Pine Script v4 · On the chart
combination by yzz
This overlay indicator scans price pivots for regular and hidden divergences against several oscillators at once, including MACD, MACD histogram, RSI, stochastic, CCI, momentum, OBV, volume-weighted MACD, Chaikin money flow, money flow index, and an optional external source.
Repaints
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code939
Settings40inputs
LicenceNone stated
Last update9 months ago10 Jan 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
combination by yzz draws colored lines and labels on the price chart and can show the oscillator name and a divergence count. Settings control pivot length, divergence type, how many pivots and bars are checked, and whether only the latest signal is kept. Optional 50- and 200-period simple moving averages plot on price. By default it does not wait for confirmation, so unconfirmed signals can change.
- Multi-oscillator regular and hidden divergence
- Pivot period and bar lookback limits
- Divergence lines, labels, and counts
- Optional external indicator check
- Optional 50 and 200 period SMAs
Details
Published by
webcrack4 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Divergence, Oscillators & momentum, Volume, Moving averages
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 |
|---|---|---|---|
| Pivot Period | int | 5 | prd |
| Source for Pivot Points | string | Close | source |
| Divergence Type | string | Regular | searchdiv |
| Show Indicator Names | string | Full | showindis |
| Minimum Number of Divergence | int | 1 | showlimit |
| Maximum Pivot Points to Check | int | 10 | maxpp |
| Maximum Bars to Check | int | 100 | maxbars |
| Show Divergence Number | bool | true | shownum |
| Show Only Last Divergence | bool | false | showlast |
| Don't Wait for Confirmation | bool | true | dontconfirm |
| Show Divergence Lines | bool | true | showlines |
| Show Pivot Points | bool | false | showpivot |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD | bool | true | calcmacd |
| MACD Histogram | bool | true | calcmacda |
| RSI | bool | true | calcrsi |
| Stochastic | bool | true | calcstoc |
| CCI | bool | true | calccci |
| Momentum | bool | true | calcmom |
| OBV | bool | true | calcobv |
| VWmacd | bool | true | calcvwmacd |
| Chaikin Money Flow | bool | true | calccmf |
| Money Flow Index | bool | true | calcmfi |
| Check External Indicator | bool | false | calcext |
| External Indicator | source | close | externalindi |
| Positive Regular Divergence | color | color.yellow | pos_reg_div_col |
| Negative Regular Divergence | color | color.navy | neg_reg_div_col |
| Positive Hidden Divergence | color | color.lime | pos_hid_div_col |
| Negative Hidden Divergence | color | color.red | neg_hid_div_col |
| Positive Divergence Text Color | color | color.black | pos_div_text_col |
| Negative Divergence Text Color | color | color.white | neg_div_text_col |
| Regular Divergence Line Style | string | Solid | reg_div_l_style_ |
| Hdden Divergence Line Style | string | Dashed | hid_div_l_style_ |
| Regular Divergence Line Width | int | 2 | reg_div_l_width |
| Hidden Divergence Line Width | int | 1 | hid_div_l_width |
| Show MAs 50 & 200 | bool | false | showmas |
| cma1col | color | color.lime | cma1col |
| cma2col | color | color.red | cma2col |
| ATR Period | int | 10 | stPeriods |
| Source | source | hl2 | stSrc |
| ATR stMultiplier | float | 3.0 | stMultiplier |
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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