Aggregate Signal (v.2) is an oscillator indicator that combines multiple technical factors into a single composite score. It scales OHLCV data using minimax normalization and evaluates indicators such as MACD, RSI, Stochastic, CCI, Momentum, On-Balance Volume,
Indicator · Pine Script v4 · Own pane
OBV MACD Indicator
The OBV MACD Indicator calculates a volume-based momentum oscillator by combining On-Balance Volume with price standard deviation spread.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code267
Settings8inputs
LicenceNone stated
Last update5 months ago27 May 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
OBV MACD Indicator creates a synthetic price-volume shadow series, smooths it using an Exponential Moving Average, and applies a Moving Average Convergence Divergence algorithm. Users can choose from fourteen distinct moving average types, including DEMA, TEMA, ZLEMA, and THMA, to filter the indicator signal line. The oscillator plots in a separate pane below the price chart to help identify volume-driven momentum trends and potential structural pivot points.
- Volume-weighted OBV shadow calculation
- Fourteen customizable moving average types
- MACD oscillator applied to volume data
- Separate pane oscillator display
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
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 |
|---|---|---|---|
| OBV Length | int | 1 | len10 |
| MA Type | string | DEMA | type |
| MA Length | int | 9 | len |
| MACD Slow Length | int | 26 | slow_length |
| len5 | int | 2 | len5 |
| showsignal | bool | false | showsignal |
| Hide pivots? | bool | true | piv |
| period | int | 50 | xbars |
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 a volume-weighted MACD in a separate pane. It subtracts a slow volume-weighted moving average of close from a faster one, then smooths that line with an exponential moving average to form the signal. A column histogram shows the gap betwee
PPO ATR Bands plots a percentage price oscillator in a separate pane. It compares a Hull average of typical price with a volume-weighted exponential average of Parabolic SAR, then scales three true-range bands around the slow average into matching oscillator l
This indicator calculates the Relative Strength Index using a volume-weighted moving average of the closing price as its source. It plots the resulting oscillator in a separate pane alongside configurable overbought and oversold threshold lines. The plot line
This indicator tracks and visualizes cryptocurrency net positioning across multiple derivative exchanges, including Binance, BitMEX, and Kraken. It calculates aggregated net longs, net shorts, net delta, and ratio metrics, or an optional Position RSI, renderin
This Pine v4 study ports early NostalgiaForInfinity V6 conditions onto the price chart. It computes two Bollinger setups, several EMAs and SMAs, RSI, MFI, a percent SMA spread labeled EWO, a 14-period choppiness value, and short and longer volume medians. Fixe
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers