This indicator plots the Commodity Channel Index in a separate pane and surrounds it with a Donchian channel whose lookback length changes with volatility. It measures volatility as a ratio of short and long ATR values, then ranks that ratio and shortens or le
Indicator · Pine Script v5 · Own pane
Harmonic Osc
The Harmonic Osc indicator plots a z-score oscillator derived from kinetic and potential energy.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code39
Settings3inputs
LicenceNone stated
Last update3 years ago10 Nov 2022
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
Kinetic energy uses ROC of price over roc_p while potential energy ratios close to EMA over ema_p. These combine into total energy with weighting factors then standardize with SMA and STDEV over zscore_p. The z-score draws in a separate pane along with horizontal lines at 0, ±1, ±2, ±3. Main settings adjust the periods for ROC, EMA and smoothing. It provides no entry or exit rules and no stop loss, serving purely as a visual tool for potential overbought and oversold levels.
- z-score oscillator
- kinetic energy
- potential energy
- ROC EMA zscore
- horizontal levels
Details
Published by
JohnsonHsiao on GitHub
Type
Draws
Separate pane below the chart
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 |
|---|---|---|---|
| roc_p | int | 20 | roc_p |
| ema_p | int | 20 | ema_p |
| zscore_p | int | 20 | zscore_p |
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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