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
Consensus Meter
A separate-pane indicator that adds up equal votes from up to six classic signals: a 20/50 moving average cross, RSI, MACD, Bollinger Bands, OBV and the Ichimoku cloud.
GitHub stars1on the repository
Pine versionv6current
Lines of code175
Settings6inputs
LicenceNone stated
Last update2 months ago24 Aug 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
Each signal votes plus one, minus one or zero, and the net total is plotted as a whole number. Toggles switch each voter on or off. It uses no higher-timeframe data, so history does not change, and its thresholds were tuned on daily bars only.
- Net vote from six equal-weight signals
- Toggles for MA cross, RSI, MACD, Bollinger, OBV, Ichimoku
- Separate pane with whole-number readout
- Alerts gated to confirmed bars
Details
Published by
iamsteveng on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
H4 and above
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 |
|---|---|---|---|
| MA20/50 cross | bool | true | useMA |
| RSI(14) | bool | true | useRSI |
| MACD(12,26,9) | bool | true | useMACD |
| Bollinger(20,2) | bool | true | useBB |
| OBV | bool | false | useOBV |
| Ichimoku cloud | bool | true | useIchi |
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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