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
Mirror Oscillator Pro by BITMOON618
Mirror Oscillator Pro is a custom momentum indicator displayed in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code111
Settings12inputs
LicenceNone stated
Last update7 weeks ago6 Sep 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
Mirror Oscillator Pro by BITMOON618 projects mirrored price calculations using recent pivot highs, pivot lows, and a selectable baseline anchor such as Golden Cloud, ATR, Bollinger Bands, or Ichimoku. An RSI calculation is derived from these mirrored values and smoothed using exponential moving averages to produce an oscillator and signal line. User inputs customize the baseline model, pivot lengths, smoothing periods, and overbought/oversold boundaries. Note that pivot calculations create a natural lag based on the right length parameter.
- Mirrored price reference calculation
- Selectable baseline anchors including ATR, BB, and Ichimoku
- EMA-smoothed RSI oscillator and signal line
- Configurable overbought and oversold thresholds
- Multi-timeframe source input support
Details
Published by
morindok on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Timeframe | timeframe | | tf_input |
| Source | source | close | src_input |
| Pivot Left Length | int | 7 | leftLen |
| Pivot Right Length | int | 7 | rightLen |
| RSI Length (for mirror) | int | 14 | rsiLen |
| Smoothing Length | int | 5 | smoothLen |
| Overbought Level | float | 80.0 | obLevel |
| Oversold Level | float | 20.0 | osLevel |
| Stoch Length | int | 14 | stochLen |
| Stoch %K | int | 3 | stochK |
| Stoch %D | int | 3 | stochD |
| Baseline | string | Golden Cloud | bt |
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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