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 v5 · Own pane
GAIN28
This indicator calculates an impulse momentum value by summing candle body differences (close minus open) divided by the minimum tick over a user-defined period.
Repaints
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code142
Settings5inputs
LicenceNone stated
Last update5 months ago27 May 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
On the most recent bar, it draws forward projection lines into future time coordinates using timeframe-adaptive bar intervals. Settings allow configuring the signal period, forward shift, and moving average parameters. It displays in a separate pane, and the forward projection lines update dynamically on the live bar.
- Tick-normalized candle body impulse calculation
- Timeframe-adaptive forward line projection
- Configurable signal period and forward shift
- Optional moving average smoothing
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, 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 |
|---|---|---|---|
| Period for signal | int | 14 | per |
| Forward shift | int | 14 | drawShift |
| Moving average period | int | 34 | maPeriod |
| 1 = use MA | int | 1 | useMA |
| Show current close - open shifted forward | int | 0 | useSignal2 |
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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