Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v4 · Own pane
Aggregate Signal (Improved)
Aggregate Signal (Improved) calculates a composite indicator by normalizing and averaging multiple technical metrics, including the Relative Strength Index, Commodity Channel Index, Center of Gravity, and a slope-based sigmoid transform.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code57
Settings6inputs
LicenceNone stated
Last update1 year ago7 Nov 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
Each factor is normalized across a user-defined lookback window. The script plots the resulting aggregated score as colored histogram columns in a separate pane according to dual upper and lower thresholds, highlighting overbought and oversold conditions. It also plots a continuous aggregate line and an overlay line derived from a configurable higher timeframe.
- Multi-factor aggregate oscillator
- Min-max normalization scaling function
- Multi-tiered overbought and oversold thresholds
- Higher-timeframe composite signal line
- Color-coded column visualization
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
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 |
|---|---|---|---|
| Lookback Window | int | 22 | per |
| Upper Threshold #1 | int | 80 | uthres1 |
| Upper Threshold #2 | int | 90 | uthres2 |
| Lower Threshold #1 | int | 20 | lthres1 |
| Lower Threshold #2 | int | 10 | lthres2 |
| Higher TF | int | 2 | higherTF |
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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