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 v4 · Own pane
Adam's RSI
Adam's RSI calculates a standard Relative Strength Index alongside a fast RSI and an EMA of the standard RSI.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code31
Settings6inputs
LicenceNone stated
Last update6 years ago27 Jun 2020
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
Adam's RSI plots the main RSI line colored according to whether it is above or below the 50 baseline, along with overbought and oversold levels. The indicator fills a dynamic color cloud between the fast RSI and the RSI EMA to highlight short-term momentum shifts. Plotted in a separate pane, inputs allow customization of RSI lengths, EMA smoothing, and threshold levels.
- Standard RSI with customizable source and length
- Fast RSI calculation for short-term price momentum
- Exponential moving average applied to standard RSI
- Dynamic cloud fill between Fast RSI and RSI EMA
Details
Published by
adamhelton on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Stocks
Timeframes
M1-M5, M15-H1
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
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| RSI Length | int | 14 | rsi_len |
| RSI Fast Length | int | 5 | rsi_fast_len |
| RSI EMA Length | int | 14 | rsi_ema_len |
| Overbought | int | 70 | overbought |
| OverSold | int | 30 | oversold |
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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