This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v4 · Own pane
Technical Ratings Pro - Pump Wave
Technical Ratings Pro - Pump Wave calculates an aggregated technical rating derived from a suite of moving averages and oscillators.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code353
Settings8inputs
LicenceNone stated
Last update2 years ago2 Mar 2024
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
Technical Ratings Pro - Pump Wave evaluates indicators including multiple SMAs, EMAs, Hull MA, VWMA, Ichimoku Cloud, RSI, Stochastic, MACD, CCI, and the Ultimate Oscillator. The script plots the composite rating as an oscillator in a separate pane, with optional trend lines and alert signals. Users can select whether ratings evaluate moving averages, oscillators, or both, configure indicator timeframes, and toggle visual elements such as the total rating wave.
- Composite rating from moving averages and oscillators
- Selectable evaluation mode for MAs, oscillators, or all
- Multi-timeframe resolution input support
- Optional MA trend line and alert signal displays
- Customizable bullish, bearish, and neutral color settings
Details
Published by
amico1234 on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Oscillators & momentum, 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Indicator Timeframe | timeframe | | res |
| Rating is based on | string | All | ratingSignal |
| Show Total Rating Pump Wave? | bool | false | showtotal |
| Show MA Trend Line? | bool | true | showtrend |
| Show Alert Signals? | bool | false | showsignals |
| Buy Color | color | color.blue | poscol |
| Neutral Color | color | color.gray | neutralcolor |
| Sell Color | color | color.red | negcol |
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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