Oscillator Suite plots a normalised price oscillator in a separate pane and overlays a signal line that can use SMA, EMA, WMA, HMA, RMA, VWMA, T3, ZEMA, KAMA, or GKEMA. It marks bullish and bearish divergences, a smoothed money-flow series, confluence areas an
Indicator · Pine Script v5 · Own pane
Neglected Volume by DGT
This indicator calculates relative volume metrics and combines them with On Balance Volume (OBV) momentum and price-OBV correlation in a separate pane.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code200
Settings17inputs
LicenceNone stated
Last update8 months ago25 Feb 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
Neglected Volume by DGT evaluates volume strength against simple moving averages and standard deviation thresholds, while offering optional Chaikin Money Flow and pivot-based divergence detection for regular and hidden patterns. Input settings allow users to adjust calculation lengths, relative volume thresholds, OBV least-squares smoothing, acceleration effects, and divergence lookback ranges.
- Relative volume strength thresholding
- On Balance Volume momentum with smoothing
- Price and OBV correlation tracking
- Regular and hidden divergence detection
Details
Published by
regalouisei on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volume, Oscillators & momentum, Divergence
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 |
|---|---|---|---|
| Length | int | 13 | length |
| Relative Volume Strength Threshold | int | 11 | thresh |
| Alert Settings : Number of Consecutive Notable Volume Changes | int | 3 | count |
| On Balance Volume Momentum (OBVM) | bool | true | obvMom |
| OBVM : Accelaration Effect | bool | true | aBand |
| OBVM : Smoothing with Least Squares | int | 5 | smooth |
| Correlation of Price & On Balance Volume | bool | true | hPVCB |
| Chaikin Money Flow | bool | false | compIn |
| Volume Weighted Colored Bars | bool | true | dVWCB |
| Divergence : Pivot Lookback Right | int | 5 | lbR |
| Divergence : Pivot Lookback Left | int | 5 | lbL |
| Divergence : Max of Lookback Range | int | 60 | rUpper |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Divergence : Min of Lookback Range | int | 5 | rLower |
| Divergence : Plot Bullish | bool | false | pBull |
| Divergence : Plot Hidden Bullish | bool | false | pHBull |
| Divergence : Plot Bearish | bool | false | pBear |
| Divergence : Plot Hidden Bearish | bool | false | pHBear |
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.
Similar Pine Scripts
This indicator plots the Money Flow Index in a separate pane and marks regular and hidden bullish and bearish divergences between price pivots and the oscillator. It builds the index from positive and negative money flow, then finds pivot highs and lows using
This indicator plots a smoothed Z-score of cumulative volume delta in a separate pane, showing whether buying or selling pressure is dominant and when the reading enters extreme zones. It marks spot accumulation, climax or exhaustion, and pivot-based price-vol
This indicator plots a heuristic volume-balance oscillator in a separate pane. It estimates signed volume from the close location inside each bar, multiplies that by volume, and sums the proxy over a rolling window. The sum is scaled between minus one and plus
This indicator is an oscillator suite inspired by Market Cipher B and VuManChu Cipher B that plots in a separate pane. It combines a WaveTrend oscillator, a Money Flow Index (MFI) area, and an RSI indicator with automatic divergence detection. Visual signals h
QPulse is a multi-factor indicator that draws in a separate pane to evaluate market momentum, volume flow, and volatility dynamics. It calculates volume delta, a cumulative delta proxy, advanced adaptive ATR, and a hybrid volume-weighted RSI with overbought an
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers