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
alertcondition() on multiple conditions
This indicator plots a 20-period RSI in a separate pane and watches whether it crosses the 50 level.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code19
Settings2inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
19 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-essential-alerts-09.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("`alertcondition()` on multiple conditions")
i_detectLongs = input(true, "Detect Longs")
i_detectShorts = input(true, "Detect Shorts")
r = rsi(close, 20)
// Detect crosses.
xUp = crossover( r, 50)
xDn = crossunder(r, 50)
// Only generate entries when the trade's direction is allowed in inputs.
enterLong = i_detectLongs and xUp
enterShort = i_detectShorts and xDn
plot(r)
plotchar(enterLong, "Go Long", "▲", location.bottom, color.lime, size = size.tiny)
plotchar(enterShort, "Go Short", "▼", location.top, color.red, size = size.tiny)
hline(50)
// Trigger the alert when one of the conditions is met.
alertcondition(enterLong or enterShort, "Compound alert", "Entry")
Overview
A long condition is true when RSI crosses above 50 and Detect Longs is enabled; a short condition is true when RSI crosses below 50 and Detect Shorts is enabled. Tiny triangle characters mark those states, and one alertcondition fires if either condition is true. It does not open trades or set exits.
- 20-period RSI plot
- Long and short detection toggles
- RSI 50 cross markers
- Compound alertcondition
- Horizontal 50 level
Details
Published by
be-thomas 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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Detect Longs | bool | true | i_detectLongs |
| Detect Shorts | bool | true | i_detectShorts |
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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