This strategy generates trading signals on the 5-minute price chart using Williams Fractals for trend reversals, combined with EMA fast and slow trend filters and optional RSI confirmation. Long entries trigger on bullish fractals aligned with rising EMA and R
Pine Library · 3,035 open-source scripts
Free Oscillator and Momentum Pine Scripts (page 35)
Open-source Pine scripts that measure momentum: RSI and MACD variants, stochastics, CCI, multi-timeframe oscillators and momentum strategies.
Pine scripts3,035
Code shown here1,673open licence
Updated in a year1,920
No repaint flag2,652
Oscillators & momentum: Indicators, Strategies and Libraries
This indicator calculates a normalized percentage oscillator based on the distance between the closing price and a 10-period simple moving average. It displays the oscillator line alongside a dotted zero reference line in a separate indicator pane. The space b
This indicator plots a standard Relative Strength Index (RSI) in a separate pane alongside customizable overbought and oversold threshold levels with shaded fills. It identifies pivot highs and lows on the oscillator to detect regular and hidden bullish and be
This indicator plots a MACD oscillator in a separate pane. It calculates the source as the average of the previous ten open prices, then subtracts a slow moving average from a fast moving average. A signal line and a histogram follow. Fast, slow, and signal le
Stochtaker combines a Stochastic oscillator and Bollinger Band Width Percentile (BBWP) into a single separate pane indicator. It calculates BBWP across a configurable lookback period and length, displaying volatility conditions using a dynamic color spectrum o
Divergenced H002 is an automated trading strategy designed to identify divergence setups using transitions in the Squeeze Momentum Indicator combined with Curie moving average closing lines for exit conditions. It detects bearish divergence when momentum weake
This indicator plots three stochastic oscillators and a Traders Dynamic Index in a separate pane. Stochastic periods of 15, 32 and 50 each draw a K and D line that turns green below 18 and red above 82. A background band turns green when all six lines are over
Commodity Heat Reversal plots score-based mean-reversion reversal markers on the price chart for commodity futures, aimed at the four-hour timeframe. It builds separate long and short heat scores from ATR distance to a mean moving average, ATR expansion, RSI e
This indicator calculates the difference between Heikin-Ashi close and open values to quantify directional candle spread. It smooths this delta value using a simple moving average and plots the resulting oscillator as a line in a separate pane. Traders can cus
This indicator combines a fast and slow exponential moving average crossover, an RSI filter, and a volume flow indicator into a weighted directional score. It draws an on-chart dashboard for those components and can plot buy or sell arrows when the score meets
Cerebr Wave is an overlay indicator that combines multi-timeframe Keltner Channels with a Wave Trend oscillator to analyze market structure and momentum. It calculates higher-timeframe and lower-timeframe Keltner Channels alongside Wave Trend crossover signals
This strategy executes mean-reversion trades based on RSI overbought and oversold levels directly on the price chart. It generates long signals when the RSI crosses back above the oversold boundary and short signals when it crosses below the overbought boundar
P-Erik Tarama is a multi-symbol scanner indicator that displays technical screening results directly on the price chart. It evaluates assets against a composite bullish condition combining price position relative to the Ichimoku conversion line and weekly base
This indicator calculates volume-weighted price movement over a set period and normalizes it using standard deviation. It offers optional Hull Moving Average (HMA) smoothing and measures order flow velocity through customizable moving averages. Displayed in a
Short Term Alpha Indicator calculates a weighted alpha from price change multiplied by volume, then derives EMAs at fast, medium, and slow lengths. It computes ROC values for the EMAs and applies percentile rank functions to identify deviations. These deviatio
XAUUSD Strategy V4.16 - Independent Score is a multi-indicator trading system designed for gold. It evaluates market bias using triple Exponential Moving Averages (20, 50, 200), the Stochastic oscillator, and RSI, filtered by Fibonacci zones and optional M15 w
This strategy overlays a 60-minute Volume Weighted Moving Average with percentage-based upper and lower bands, combined with an RSI oscillator and Williams Fractals. It triggers long entries when price pierces below the lower band and short entries when price
Super 8 is a trend-following and momentum strategy designed for 30-minute cryptocurrency charts. It evaluates entries using dual EMAs, ADX strength filtering, Parabolic SAR direction, MACD or Z-VWAP calculations, and Bollinger Band width expansion alongside vo
This indicator tracks relative divergence among five user-selected crypto perpetual symbols and plots the result in a separate pane. It scores each symbol from a twelve-bar log return scaled by ATR, assigns long or short direction, and requires RSI above 40 be
A separate-pane indicator that bundles RSI, ADX with DI lines, Volume Flow Indicator and MACD modules, each with its own timeframe, colors and length settings. The RSI module adds bands and a smoothing average with Bollinger envelopes. Modules can share one pa
This strategy identifies Interactive Brokers opening range periods on the price chart and performs mean reversion trades around the midpoint or opposite side. It calculates the IB high, low, and range, then skips narrow or trend days using lookback averages. E
Measures how strong and clean a trend is, in a separate pane. A fast and slow EMA define direction; the script accumulates price change while the direction holds and smooths it into a trend value. That value is divided by a noise estimate, linear or squared, t
US Momentum Swing Screener is a daily chart overlay indicator for US equities and ETFs. It plots a composite score based on an EMA ribbon (9/21/50/200), RSI and StochRSI momentum, MACD confluence, volume surge detection, ADX trend strength, Bollinger Band posi
ROC MA Slope plots two smoothed rate of change lines, a fast and a slow one, in a separate pane. Smoothing can be SMA or EMA, and each line has its own slope measured with linear regression. Optional layers include a histogram, fills, acceleration coloring, a
Corpus Correlation Rotation is a cross-asset quantitative strategy that compares the price performance of the chart symbol against a user-selected benchmark asset. It measures five-bar price changes for both symbols, computes a 20-period statistical correlatio
This strategy trades opening gap continuation on the price chart. It measures the gap between the daily open and the prior daily close, then enters long after a qualifying gap up or short after a qualifying gap down when price stays beyond the open and a trend
This indicator plots the RSI calculated over 20 periods on the price chart. It detects upward crosses of the 50 level for long signals and downward crosses for short signals when enabled by user inputs. Signals appear as plotchar symbols on the chart with a ho
The Harmonic Osc indicator plots a z-score oscillator derived from kinetic and potential energy. Kinetic energy uses ROC of price over roc_p while potential energy ratios close to EMA over ema_p. These combine into total energy with weighting factors then stan
This strategy executes trades on futures contracts by combining custom smoothed price bars with a multi-timeframe stochastic oscillator and Ichimoku elements. It calculates percentage-based stop-loss and take-profit targets for long and short positions. It ove
This strategy overlays several classic studies on the price chart. It calculates a MACD-style oscillator from fast and slow moving averages with a signal line, a 200-period exponential moving average, and Williams Alligator smoothed averages for the jaw, teeth
This indicator calculates Bill Williams' Awesome Oscillator in a separate pane. It forms the bar midpoint from high and low, then subtracts a slow simple moving average of that midpoint from a faster one. Default periods are 5 and 34. The histogram is green wh
This indicator calculates John Ehlers' Detrended Synthetic Price using a dual exponential moving average (EMA) approach. It derives a fast quarter-cycle EMA and a slow half-cycle EMA from a specified dominant cycle period, applying exact warm-up normalization
The TTM Squeeze Divergence indicator plots a classic TTM Squeeze momentum oscillator in a separate pane alongside Bollinger Bands and Keltner Channels squeeze status dots on the zero line. It detects regular and hidden bullish and bearish divergences between p
This indicator calculates and plots the Bollinger Bands %B oscillator in a separate pane below the price chart. It measures the relative position of the price compared to standard Bollinger Bands, normalizing values where zero represents the lower band and one
Divergenced I002 is a trading strategy that identifies entry points using Squeeze Momentum Indicator divergences across price and momentum structure. Long positions trigger on bullish momentum divergences, while short positions trigger on bearish divergences.
This strategy tracks the Williams %R oscillator to trade mean-reversion bounces from overbought and oversold extremes. It opens long or short positions when a reversal signal occurs alongside confirming price direction, while generating JSON-formatted alert pa
Stochastic with STC X combines three momentum oscillators into a single separate indicator pane: a standard Stochastic Oscillator, the Schaff Trend Cycle (STC), and an adapted WaveTrend oscillator. It plots smoothed %K and %D lines with visual circle markers f
Quick Scan for Cycles is a technical indicator designed to analyze cyclic behavior in financial asset prices. Operating in a separate indicator pane, it uses a customizable data source and bar lookback length to process price data and scan for recurring cycle
Calculates a True Strength Index (TSI) oscillator modified with a linear regression line and standard deviation bands. It plots the regression line in a separate pane along with static reference levels at zero, 0.8, and -0.8, coloring the line based on slope d
This indicator combines three momentum and trend analysis tools into a separate pane: a multi-timeframe Commodity Channel Index (CCI), a multi-timeframe Stochastic Oscillator, and a dual-EMA smoothed Heikin-Ashi trend bias displayed as colored dots. Users can
Skew Weighted Average Price (SWAP) calculates a skew-weighted average price for nuanced analysis of price dynamics and potential trading opportunities. The script determines skew by comparing smoothed positive and negative true ranges derived from price direct
This indicator calculates and plots the Stochastic Oscillator (%K and %D lines) in a separate pane. It identifies overbought and oversold market conditions with configurable threshold levels and background zone gradients. When enabled, it plots entry markers o
This strategy identifies buy and sell entry points for XAUUSD using a combination of exponential moving averages, RSI, Stochastic oscillators, ATR, and Fibonacci zones. It supports multi-mode execution featuring confirmation and scalp entries triggered by over
Alpy Kazan is a multi-timeframe momentum strategy combining a WaveTrend oscillator with dual-length RSI divergence calculations. It evaluates custom timeframes to plot overbought and oversold bands, WaveTrend crossovers, and RSI differentials in a separate pan
This strategy plots support and resistance from the highest high and lowest low over a lookback window, and can overlay Bollinger Bands on the price chart. It calculates RSI or MFI, optionally from Heikin Ashi prices, and exposes WaveTrend, Laguerre smoothing
This strategy identifies breakouts using Keltner Channels combined with volume spike filters, ADX trend strength, RSI thresholds, and an optional EMA trend direction filter. It triggers long entries when price crosses above the upper channel and short entries
DEPV2 C5 Mod Secici is a signal mode selection indicator designed primarily for 15-minute timeframes. It evaluates market conditions across four primary dimensions: HLC3 moving average trend scores, momentum rate-of-change z-scores, volatility expansions via f
RSI Divergence subtracts a slow RSI from a fast RSI and plots the difference as a four-color histogram in a separate pane. Color shows whether the gap is positive or negative and whether it is growing or shrinking. Markers appear on the bar where the gap cross
More Pine Script Categories
Third-party code. ForexR lists open-source Pine scripts from GitHub; it did not write, test or endorse them, and their summaries are generated automatically from each script's code and README. Indicators describe the past, and a strategy's backtest can look better than live trading. Check a script on a demo account before you rely on it. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
Learn to Use Pine Scripts
Free, plain-English guides: add a script to TradingView, read what it does, test it and avoid the common traps.
- 1Using this librarySearch, filters, licences and what the badges mean.
- 2Add a script to TradingViewCopy, paste into the Pine Editor, save and add to chart.
- 3Indicators, strategies and librariesWhat each type does and how to tell them apart.
- 4Spot a script that repaintsWhy some signals change after the bar closes.
- 5Backtest a strategyStrategy Tester settings that keep results honest.
- 6Send alerts to MT4 or MT5From a TradingView alert to an order in MetaTrader.
- 7What Pine Script isThe language, what it can and cannot do, and where to start.
- 8Write your first indicatorA complete script, line by line, in the Pine Editor.
- 9Read a script before you trust itA routine for checking inputs, logic and red flags.
- 10Edit a script safelyChange colours and lengths, add a filter or an alert.
- 11Pine Script alertsalertcondition(), alert(), placeholders and webhooks.
- 12Build a crossover strategyAn EMA cross strategy with an ATR stop, ready to test.
Trade Your Charts With a Regulated Broker
Compare regulated brokers on platforms, spreads, minimum deposit and leverage.
Compare brokers