This indicator demonstrates how to configure and separate multiple alert triggers using input toggles. It calculates a 7-period RSI to identify overbought and oversold conditions, alongside candlestick confirmations when price closes against the extreme. Signa
Pine Library · 3,035 open-source scripts
Free Oscillator and Momentum Pine Scripts (page 52)
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
A trend indicator drawn on the price chart that plots EMA 9, 21, 50 and SMA 200 with shaded clouds between them. Buy and sell conditions are filtered by RSI thresholds, a minimum and rising ADX, relative volume, and a smart range filter that skips small or cho
This strategy builds upon the Big Snapper system by combining trend-following moving averages, Chaikin Volatility, and volume filtering to generate trade signals directly on the main chart. Long and short entries trigger when Snapper signals align with medium
This indicator calculates the Ehlers Decycler Oscillator as the difference between two 2-pole Butterworth high-pass filters applied to a chosen price source. The long-period filter result is subtracted from the short-period filter result, and the oscillator is
The Klinger Oscillator evaluates long-term volume flow trends while staying responsive to short-term price movements. It calculates signed volume by determining whether the typical price (HLC3) increased or decreased relative to the previous bar. The main osci
This strategy uses Noro TrendRibbon direction changes to decide long or short bias. It builds a corridor from recent high and low prices, opening a long below that corridor while longing and a short above it while shorting, with the entry tied to a percentage
This strategy identifies reversal opportunities based on liquidity sweeps and multi-gate confluence scoring. It evaluates setups using mandatory conditions such as swing sweeps, body and ATR filters, and dual EMA higher-timeframe trend alignment, alongside opt
Range Oscillator (Zeiierman) plots a range-based oscillator in a separate pane. It qualifies a range box from a minimum number of bars and sizes that box vertically with an ATR width multiplier. A heatmap splits the recent high-low span into horizontal levels
This indicator calculates a Stochastic oscillator based on Relative Strength Index (RSI) values rather than standard price data, functioning like a custom Stoch RSI. It plots the raw RSI line alongside the derived %K and %D lines in a separate pane. The RSI pl
The strategy uses RSI(14) on closing prices to detect upward crossovers above 50 for long entries and downward crossovers below 50 for exits. A protective stop loss is placed at the midpoint between open and high on the entry bar to handle mid-bar fills via ma
A trend indicator drawn on the price chart that plots EMA 9, 21, 50 and SMA 200 with optional clouds. Buy and sell signals are filtered by RSI levels, minimum ADX, relative volume and a smart range filter that avoids small or ranging markets using ATR-scaled E
This strategy detects liquidity sweeps and break of structure events using SMC concepts. It plots BOS labels, sweep markers, and matrix floor ceiling lines on the price chart. The SMC structure sensitivity setting adjusts lookback for scalping, standard, or sw
This strategy combines Larry Williams' Vix Fix synthetic volatility indicator with Bollinger Bands. It calculates standard and inverted Williams Vix Fix metrics, displaying them as histogram columns with standard deviation bands in a separate pane. Long entrie
Calculates John Ehlers' Detrended Synthetic Price by taking the difference between a quarter-cycle and a half-cycle exponential moving average of the input source. It includes initial warm-up coefficient adjustments to stabilize early values and plots the resu
This indicator calculates the Know Sure Thing oscillator in a separate pane. It builds four rate-of-change series from the close, smooths each with a simple moving average, and adds them with weights of one, two, three, and four. It plots that composite as the
This strategy plots a Noro trend ribbon on the price chart and uses ribbon side changes to choose long or short bias. It builds a corridor from recent high and low prices. A long opens when price is below that corridor during a long bias, and a short opens whe
This overlay indicator scores liquidity-sweep reversals on the price chart. It looks for a swing high or low violation followed by a recovery close, then grades optional conditions such as RSI and structure into a 0–2 quality score with separate long and short
This indicator measures statistical price deviations using the mean and standard deviation of logarithmic price. Plotted in a separate pane, it identifies overvalued and undervalued market conditions relative to a calculated fair-value baseline. Standard devia
This indicator plots buy and sell labels on the price chart. A buy appears when a short stochastic crosses up from below 20 while a slow MACD histogram is positive and a faster MACD histogram is negative. A sell uses the opposite stochastic and MACD alignment.
This strategy enters long positions when the Relative Strength Index drops into oversold territory on a confirmed bar. It exits when RSI rises back to a target sell level, provided an optional minimum profit percentage threshold is satisfied. At trade entry, a
Tick-chart-safe overlay indicator of single-bar detections on the price chart, titled as a non-repainting version. It covers relative volume tiers named SAAB, Kratos, Grand Slam and MOAB, regular-at-time volume tiers, momentum LONG and SHORT tiers, high-volume
This strategy calculates a 7-period Relative Strength Index (RSI) on external Bitfinex Bitcoin short position data to execute trades on the price chart. It enters a long position when the short-position RSI drops below a low threshold, and enters a short posit
This indicator calculates John Ehlers' Deviation-Scaled Oscillator (DSO) and plots it in a separate pane. It whitens the source price series by taking its two-bar difference, applies a two-pole Super Smoother filter, and normalizes the output using a rolling R
This indicator calculates the percentage change of a chosen source over a user-set lookback length and plots that value in a separate pane with a percent format. It compares the current source with the value that many bars earlier, returning no value when the
This ex-post diagnostic indicator identifies confirmed pivot highs and lows, classifying subsequent price action into four outcome types: Snapback, Grind, Fake/Pullback, or Chop. It evaluates forward performance across an ATR-based risk window, factoring in Wa
Overlay indicator of single-bar detections drawn on the price chart. Groups include relative volume tiers named SAAB, Kratos, Grand Slam and MOAB, regular-at-time volume tiers, an all-time high volume marker, momentum LONG and SHORT tiers, high-volume ranks fr
This overlay strategy enters a long position when the relative strength index rises by more than five points, stays below 70, and a 9-period exponential moving average crosses above a 50-period average, provided the bar is on or after 1 January 2020. It closes
This indicator calculates Ehlers directional movement with a Hann window and plots it in a separate pane. It extracts classic plus and minus directional movement from bar highs and lows, smooths their difference with an exponential moving average, then applies
The Pretty Good Oscillator calculates the distance between the selected price source and its simple moving average, normalized by the Average True Range over a specified period. It renders as an oscillator line in a separate pane alongside a zero line and thre
This indicator plots a volume-weighted RSI as a histogram in a separate pane. It weights positive and negative price changes by volume, smooths those values, and scales the result between -1 and +1. Histogram bars change color by zone: strong or weak bull abov
This indicator applies the Relative Strength Index to a selected volume series: On Balance Volume, Accumulation/Distribution, Elder’s Force Index, Money Flow Index, or Price Volume Trend. It draws that RSI in a separate pane and smooths it with least squares.
The Ehlers Elegant Oscillator is a momentum indicator that computes a bounded oscillator value between approximately -1 and +1. It processes the input series through a 2-bar momentum calculation, normalizes the derivative by rolling RMS over 50 bars, applies t
This strategy plots on the price chart and builds a MACD line as the difference between a fast and a slow exponential moving average of close, then smooths that line into a signal. The histogram is their difference. It opens a long when the histogram crosses a
This strategy combines Noro Trend Ribbon directional shifts with High and Low moving average price corridors and ADX momentum filtering. It evaluates market strength using configurable ADX key levels to filter trades during choppy or weak trend conditions. Use
This indicator plots a percentage rate of change in a separate pane. It smooths the ROC with a selectable average, draws a signal line and histogram, and colors long and short momentum around a configurable midline and stretch zones. Optional stall detection m
This indicator combines the standard Relative Strength Index (RSI) and Stochastic RSI into a single oscillator plot within a separate pane. It calculates RSI from price data and applies stochastic smoothing to derive %K and %D lines. Users can toggle individua
This strategy calculates double-smoothed Heikin Ashi candles and plots them directly on the price chart alongside a smoothed Relative Strength Index. It evaluates market conditions against external volatility data from an inverse symbol, generating long and sh
Risk-Adjusted Momentum Oscillator plots a normalized momentum oscillator in a separate pane, dynamically scaling momentum by ongoing drawdown risk. It calculates momentum via Rate of Change, Price Momentum, or Log Returns, applying Z-score normalization and ad
This long-only strategy calculates an RSI and a long exponential moving average. It enters when RSI crosses above the oversold level while price is above the trend average and no position is open. It closes when RSI crosses the midline or a mirrored overbought
Plots a double-smoothed Bressert stochastic in a separate pane, built from %K and %D lines whose smoothing type can be chosen from a long list of moving averages such as DEMA, EMA, zero-lag variants and Hull-style averages. A second line pair with its own leng
This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Boftei's Strategy plots the difference between the log of the current close and the close a chosen number of bars earlier in a separate pane. It draws positive and negative histogram bars, a thin line of the same value, and dotted threshold lines. Crosses of t
Calculates John Ehlers' Even Better Sinewave indicator to isolate cyclical components in price action. It applies a high-pass filter to remove low-frequency trend components, followed by a Super Smoother filter to reduce high-frequency noise, and normalizes th
Price Momentum Oscillator (PMO) calculates a double-smoothed Rate of Change (ROC) to track directional price momentum. It derives the percentage price change over a selected lookback period, applies an initial exponential smoothing pass, and refines it with a
This indicator plots a smoothed RSI in a separate pane with a signal line, a 50 midline, and configurable overbought and oversold bands. It colors momentum long or short, fills the oscillator against the signal and the zones, and draws a histogram. Optional ma
The RSI Adaptive Structure Engine (RASE) evaluates directional market regimes using multiple Relative Strength Index (RSI) layers. It calculates structural RSI, smoothed momentum RSI, fast execution RSI, and an efficiency ratio to measure trend quality. Higher
This strategy plots smoothed Heikin Ashi candlesticks directly on the price chart. It filters entries using CCI and Stochastic crossovers calculated on a separate higher timeframe. Long signals trigger on CCI crossing above 60 and Stochastic crossing above its
Rolling Z-Score Trend [QuantAlgo] calculates a rolling Z-score using mean and standard deviation over a user-defined lookback window to evaluate statistical price deviations and momentum. Plotted in a separate indicator pane, it displays the rolling Z-score li
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.
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