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 v4 · Own pane
For Loop
This script demonstrates how to implement a custom Simple Moving Average (SMA) function using an explicit loop construct in Pine Script v4.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code8
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
8 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-language-expressions-declarations-and-statements-13.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("For loop")
my_sma(price, length) =>
sum = price
for i = 1 to length-1
sum := sum + price[i]
sum / length
plot(my_sma(close,14))
Overview
For Loop defines a function that iterates through past bar values up to a specified length of 14, sums the closing prices, and calculates the average. The resulting custom moving average line is plotted in a separate indicator pane. This serves as a simple programming example of standard loop iteration rather than a standalone trading system.
- Custom SMA function implementation
- For loop iteration over historical bars
- Plots 14-period simple moving average
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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