Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v6 · Own pane
Relative Strength of Volume Indicators by DGT
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.
GitHub stars2on the repository
Pine versionv6current
Lines of code118
Settings7inputs
LicenceNone stated
Last update8 months ago25 Feb 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
Relative Strength of Volume Indicators by DGT draws that RSI in a separate pane and smooths it with least squares. A histogram can show relative volume, a four-color relative-volume view, or buying and selling volume, with an optional moving-average or volume-oscillator companion and adjustable height. Optional volume-weighted price bars can be enabled. No repaint or lookahead behavior is stated.
- RSI on five volume indicators
- Least squares RSI smoothing
- Four-color relative volume histogram
- Buying and selling volume modes
- Volume-weighted price bars
Details
Published by
regalouisei on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume
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 |
|---|---|---|---|
| ► Apply RSI To | string | On Balance Volume | addRsiX |
| RSI Length | int | 13 | length |
| RSI Smoothing | int | 2 | smooth |
| ► Histogram Mode | string | Relative Volume [4 Color] | volHist |
| ► Histogram Companion | string | Volume Oscillator | volComp |
| Histogram Height | int | 10 | size |
| ► Volume-Weighted Price Bars | bool | true | vbcb |
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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