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
Momentum Suite (MACD + StochRSI)
This indicator combines the Moving Average Convergence Divergence (MACD) and Stochastic RSI into a single separate pane display.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code62
Settings11inputs
LicenceNone stated
Last update1 year ago15 Oct 2025
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
Momentum Suite (MACD + StochRSI) calculates the standard MACD line, signal line, and histogram alongside Stochastic RSI %K and %D oscillator curves. Extreme overbought and oversold conditions are flagged with shape markers at configured thresholds, while confirmation bars highlight momentum crossovers and directional movement. Inputs allow users to independently toggle indicator components and adjust period parameters.
- Combined MACD and Stochastic RSI oscillator panel
- Overbought and oversold extreme markers
- Stochastic RSI momentum confirmation bars
- Independent display toggles for MACD and StochRSI
Details
Published by
greatonical 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 |
|---|---|---|---|
| Show MACD Histogram + Lines | bool | true | showMACD |
| Show Stochastic RSI Panel | bool | true | showStoch |
| Show StochRSI confirm bars | bool | true | showStochConfirm |
| MACD Fast EMA | int | 12 | macdFast |
| Slow EMA | int | 26 | macdSlow |
| Signal EMA | int | 9 | macdSig |
| RSI Length | int | 14 | rsiLen |
| Stoch K | int | 14 | kLen |
| Stoch D | int | 3 | dLen |
| OB | float | 80 | ob |
| OS | float | 20 | os |
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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