This indicator plots a TTM Squeeze momentum oscillator and a MACD line in a separate pane. It builds the squeeze oscillator from a linear regression of price against a high-low and simple moving average midpoint, and colors the area by slope and sign. Circles
Indicator · Pine Script v5 · Own pane
Neural Network Sub 33 - Relative Volatility Index
This indicator plots a Relative Volatility Index in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code98
Settings0inputs
LicenceNone stated
Last update1 year ago17 Jan 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
Neural Network Sub 33 - Relative Volatility Index compares exponential moving averages of upward and downward close-price standard deviation and scales the result from 0 to 100. Horizontal lines mark 80 and 20. Regular bullish and bearish divergences between price pivots and the oscillator are labeled after a right-side pivot delay. Lengths, bands, and divergence lookbacks are hardcoded, and hidden divergence plots stay disabled.
- Relative Volatility Index oscillator
- Fixed 80 and 20 bands
- Regular bullish and bearish divergence labels
- Pivot confirmation with delayed offset
- Hidden divergence logic disabled by default
Details
Published by
zhuzp98 on GitHub
Code credit
rhapsodyz, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Divergence
Markets
Crypto
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.
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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