Oscillator Suite plots a normalised price oscillator in a separate pane and overlays a signal line that can use SMA, EMA, WMA, HMA, RMA, VWMA, T3, ZEMA, KAMA, or GKEMA. It marks bullish and bearish divergences, a smoothed money-flow series, confluence areas an
Indicator · Pine Script v6 · Own pane
Price Volume Divergence (PVD)
The Price Volume Divergence (PVD) indicator calculates the rate of change for price and volume over user-defined lookback periods.
GitHub stars2on the repository
Pine versionv6current
Lines of code55
Settings4inputs
LicenceNone stated
Last update9 months ago25 Jan 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
Price Volume Divergence (PVD) evaluates divergence by comparing price momentum against volume momentum, scaling the output by their combined magnitude. The raw divergence value is smoothed over a configurable period to reduce noise and plotted as a yellow line in a separate pane. Input parameters allow customization of price and volume lookbacks, divergence threshold, and smoothing length.
- Price and volume rate of change calculation
- Momentum direction and magnitude analysis
- Configurable circular buffer smoothing
- Separate pane oscillator plotting
Details
Published by
mushroom-men-Trading on GitHub
Code credit
mihakralj, as written in the script's header
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume, Oscillators & momentum, Divergence
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 |
|---|---|---|---|
| Price Period | int | 14 | price_period |
| Volume Period | int | 14 | volume_period |
| Divergence Threshold | float | 50.0 | divergence_threshold |
| Smoothing Period | int | 3 | smoothing_period |
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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