This indicator calculates a locally weighted regression curve alongside a standard linear regression line to detect directional price shifts. It identifies potential buy signals when the weighted line crosses below the linear regression while falling over a de
Indicator · Pine Script v6 · Own pane
Rectified Linear Unit (ReLU)
This indicator applies the rectified linear unit to the difference between the selected source and a 20-period simple moving average.
GitHub stars99on the repository
Pine versionv6current
Lines of code24
Settings1inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
24 lines of Pine Script v6 from lib/numerics/relu/relu.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Rectified Linear Unit (ReLU)", "ReLU", overlay=false, precision=6)
//@function Applies the Rectified Linear Unit (ReLU) activation function to a series.
// ReLU returns the input directly if it is positive, otherwise, it returns zero.
//@param src The source series.
//@returns The ReLU transformed series.
relu(series float src) =>
math.max(0, src)
// ---------- Main loop ----------
// Inputs
i_source = input.source(close, "Source")
// Calculation of relu on SMA(source)-source
reluDn = -relu(ta.sma(i_source,20)-i_source)
reluUp = relu(i_source-ta.sma(i_source,20))
// Plot
plot(reluUp, "ReLU", color=color.green, linewidth=2)
plot(reluDn, "ReLU", color=color.red, linewidth=2)
Overview
Positive deviations plot in green and negative deviations plot in red in a separate pane. The only input changes the price series used for both the average and the residual. The period is fixed in the code, and the script does not generate trade entries, exits, or risk levels.
- ReLU of source versus SMA residual
- Separate positive and negative plots
- Green and red pane lines
- Configurable source input
- Fixed 20-period simple moving average
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Moving averages, AI / machine learning
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.
Topics
algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | i_source |
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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