This indicator calculates eight technical oscillators, normalizes their values to a 0 to 1 scale, and plots them as a visual radar or spider chart directly on the price 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
The supported oscillators include RSI, Stochastic, price correlation, MFI, Williams %R, percentage up moves, CMO, and AOS. Users can toggle individual oscillators on or off, define distinct lookback periods or apply a global length setting, and adjust the spider chart's radius and horizontal offset from the latest bar.
Radar spider chart visualization on the main chart
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI
bool
true
rsi_tog
rsi_len
int
14
rsi_len
%K
bool
true
stoch_tog
stoch_len
int
14
stoch_len
COR
bool
true
cor_tog
cor_len
int
14
cor_len
MFI
bool
true
mfi_tog
mfi_len
int
14
mfi_len
WPR
bool
true
wpr_tog
wpr_len
int
14
wpr_len
%UP
bool
true
pr_tog
pr_len
int
14
pr_len
Show all 20 settings
Setting
Type
Default
Variable
CMO
bool
true
cmo_tog
cmo_len
int
14
cmo_len
AOS
bool
true
aos_tog
aos_len
int
14
aos_len
Global Oscillators Length
bool
false
glen_tog
glen
int
14
glen
Spider Chart Length
int
100
radius
Spider Chart Offset
int
50
offset
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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