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 v5 · Own pane
Snagprofit Balance Volume Oscillator
Calculates an On-Balance Volume (OBV) oscillator by subtracting an Exponential Moving Average of the cumulative OBV from its current value.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code10
Settings1inputs
LicenceNone stated
Last update4 years ago25 Jul 2022
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
Snagprofit Balance Volume Oscillator plots the resulting oscillator around a zero line in a separate pane, coloring the line yellow when above zero and red when below zero. The length setting controls the period of the moving average used to smooth the OBV data.
- Cumulative On-Balance Volume calculation
- EMA-smoothed OBV oscillator line
- Dynamic line coloring for positive and negative values
- Zero line reference crossover visualization
Details
Published by
dearvn on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume, Moving averages
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
futurestrading-strategiestradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 14 | 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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