Aggregate Signal (v.2) is an oscillator indicator that combines multiple technical factors into a single composite score. It scales OHLCV data using minimax normalization and evaluates indicators such as MACD, RSI, Stochastic, CCI, Momentum, On-Balance Volume,
Indicator · Pine Script v4 · Own pane
RSI-VWMA
This indicator calculates the Relative Strength Index using a volume-weighted moving average of the closing price as its source.
GitHub stars43on the repository
Pine versionv4older, still runs
Lines of code27
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago23 Sep 2025
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
27 lines of Pine Script v4 from RSI-VWMA.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// ================================================================================================================================================================================
// RSI VWMA INDICATOR
// ================================================================================================================================================================================
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Original by © Xaviz
// Rewritten by Zettt
// Xaviz' original version is based on the VWAP. This modification calculate the RSI of a volume-weight moving average instead, since the VWAP does not work well on higher time frames.
// It is recommended to adjust the settings.
//@version=4
study(title="RSI-VWMA", shorttitle="RSI-VWMA")
// Initial inputs
RSI_length = input(20, "RSI Length")
RSI_VWMA_oversold = input(20, "RSI Oversold Level", type=input.float)
RSI_VWMA_overbought = input(80, "RSI Overbought Level", type=input.float)
VWMA_length = input(20, "VWMA Length")
// RSI with VWMA as source
RSI_VWMA = rsi(vwma(close, VWMA_length), RSI_length)
// Plotting, overlay=false
r=plot(RSI_VWMA, title="RSI-VWMA", color = RSI_VWMA > RSI_VWMA_overbought ? color(#e57373) : RSI_VWMA < RSI_VWMA_oversold ? color(#4db6ac) : color.blue, title="rsi", linewidth=1, style=plot.style_line)
h1=plot(RSI_VWMA_overbought, title="Overbought", color = color.silver, style=plot.style_stepline)
h2=plot(RSI_VWMA_oversold, title="Oversold", color = color.silver, style=plot.style_stepline)
fill(r, h1, color = RSI_VWMA > RSI_VWMA_overbought ? color(#e57373) : na, transp = 60, title="Overbought Fill")
fill(r, h2, color = RSI_VWMA < RSI_VWMA_oversold ? color(#4db6ac) : na, transp = 60, title="Oversold Fill")
Overview
RSI-VWMA plots the resulting oscillator in a separate pane alongside configurable overbought and oversold threshold lines. The plot line changes color and highlights background zones when values cross above eighty or below twenty. Key input settings allow users to adjust the RSI length, VWMA length, and threshold levels. It does not provide trading orders or execution signals, functioning purely as a visual momentum guide.
- RSI with VWMA as source
- Configurable RSI and VWMA lengths
- Adjustable overbought and oversold levels
- Visual threshold fill highlights
Details
Published by
Zettt on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, 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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 20 | RSI_length |
| RSI Oversold Level | float | 20 | RSI_VWMA_oversold |
| RSI Overbought Level | float | 80 | RSI_VWMA_overbought |
| VWMA Length | int | 20 | VWMA_length |
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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