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
Oscillator Scaffold plots the oscillator in a separate pane along with horizontal lines for overbought and oversold levels. The script fills the region between those levels and draws conditional divergence-style markers when the value exceeds the overbought or falls below the oversold threshold. Settings let users change the length, source, overbought value, and oversold value. It includes alert conditions for crosses outside the neutral zone. This is a template intended for extension into custom oscillators.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
14
length
Source
source
close
source
Overbought
int
70
overbought
Oversold
int
30
oversold
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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