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
WE Alpha
WE Alpha is an oscillator that combines a custom MACD line and histogram with a modified Chaikin Money Flow calculation scaled directly to MACD values.
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code226
Settings19inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
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
WE Alpha plots the MACD line, signal line, histogram area, and a money flow line dynamically colored according to directional agreement. Marker signals highlight money flow crossovers above MACD when MACD remains above its signal line. Inputs allow adjusting moving average types, oscillator lengths, and enabling additional features like VWAP, DMI, and Stochastic RSI.
- Custom MACD oscillator with selectable SMA or EMA calculation
- Modified Chaikin Money Flow line scaled to MACD
- Crossover shape signals for Money Flow and MACD alignment
- Toggles for optional VWAP, DMI, and Stochastic RSI calculations
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume, Moving averages
Markets
Crypto, Stocks
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 |
|---|---|---|---|
| Fast Length | int | 12 | fastLength |
| Slow Length | int | 26 | slowLength |
| Source | source | close | src |
| Signal Smoothing | int | 9 | signalLength |
| Simple MA(Oscillator) | bool | false | smaSource |
| Simple MA(Signal Line) | bool | false | smaSignal |
| VWAP | bool | false | showSignalVWAP |
| DMI (Directional Movement Index) | bool | false | showSignalDMI |
| Stochastic RSI (Relative Strength Index) | bool | false | showSignalStochasticRSI |
| length | int | 20 | length |
| Histogram MA length | int | 100 | i_ma_l |
| Show MA / Hist MA / Zero crosses | bool | true | i_ma_breaks |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Colour Bars to Hist MA line | bool | false | i_bc |
| ADX Smoothing | int | 14 | lensig |
| DI Length | int | 14 | len |
| K | int | 3 | smoothK |
| D | int | 3 | smoothD |
| RSI Length | int | 14 | lengthRSI |
| Stochastic Length | int | 14 | lengthStoch |
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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