The Derivative Oscillator calculates a double-exponentially smoothed Relative Strength Index (RSI) and subtracts its Simple Moving Average (SMA) to form the main oscillator line. A secondary signal line is plotted using an SMA of the main oscillator values. Th
Indicator · Pine Script v6 · Own pane
Test Script
This indicator is a short Pine Script v6 test fixture for function signature checks.
GitHub stars29on the repository
Pine versionv6current
Lines of code11
Settings0inputs
LicenceNone stated
Last update1 year ago16 Sep 2025
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
Test Script calculates a 14-period simple moving average of the close and calls alert with a fixed message. The remaining lines deliberately misuse functions, including an extra argument on the moving average, an alert call with no message, and a strategy call inside an indicator. No user inputs are defined, and the provided code does not plot series or manage trades. It loads in a separate pane.
- 14-period simple moving average of close
- Fixed alert message
- Invalid function signature samples
- No user inputs
- Separate pane indicator
Details
Published by
iamrichardD on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
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.
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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