by 
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
Indicator · Pine Script v6 · Own pane
Research Alpha Subset
A Pine v6 indicator in a separate pane that plots seven research formulas, each as its own line.
GitHub stars1on the repository
Pine versionv6current
Lines of code60
Settings0inputs
LicenceNone stated
Last update3 months ago6 Jul 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
They combine drawdown from a recent high with relative volume, inverted short RSI values, a panic-sell reversal term, a five-bar return minus a share of the twenty-bar return, and a six-day return times volume. It has no inputs and no signal rules. It comes from a demo project for a Go-based Pine engine.
- Seven formula lines in one pane
- Drawdown and relative volume terms
- Short RSI oversold measures
- Return and volume product
Details
Published by
woodstock-tokyo on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Mean reversion
Markets
Stocks
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.
File
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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