This indicator generates trade entry signals and target levels optimized for 1-hour timeframes, designed for external signal extraction. It calculates 7-period and 16-period EMAs alongside 10-period RSI and ATR filters. Long signals occur when the fast EMA cro
Indicator · Pine Script v5 · Own pane
RSI + BB Oscillator
The RSI + BB Oscillator combines Relative Strength Index (RSI) and Bollinger Bands %B calculations across two timeframes into a single separate pane plot.
Repaints
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code86
Settings16inputs
LicenceNone stated
Last update4 months ago21 Jun 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
RSI + BB Oscillator shifts RSI values around zero and measures %B bandwidth using selectable moving average types including HMA and EMA. The indicator identifies potential buy and sell signals when primary timeframe bandwidth hits defined extremes aligned with higher-timeframe trend context. Higher-timeframe values update dynamically until the bar closes.
- Dual-timeframe RSI and Bollinger Bands %B oscillator
- Selectable basis MA types including HMA, EMA, VWMA, and ALMA
- Trend-filtered buy and sell conditions using multi-timeframe logic
- Customizable threshold lines and signal lookback filter
Details
Published by
suyons on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| tf_1 | timeframe | | tf_1 |
| tf_2 | timeframe | 60 | tf_2 |
| line_val_1 | int | 50 | line_val_1 |
| line_val_2 | int | 30 | line_val_2 |
| line_val_3 | int | 10 | line_val_3 |
| line_val_4 | int | -10 | line_val_4 |
| line_val_5 | int | -30 | line_val_5 |
| line_val_6 | int | -50 | line_val_6 |
| Length | int | 14 | rsi_len |
| Source | source | close | rsi_src |
| Type | string | HMA | bb_ma_type |
| Source | source | close | bb_src |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Basis Len | int | 120 | bb_ma_len |
| Stdev Len | int | 120 | bb_dev_len |
| Stdev Mult | float | 2.0 | bb_dev_mult |
| Lookback | int | 10 | sig_lookback |
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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