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 v6 · Own pane
Asymmetric McClellan Oscillator
This indicator plots a McClellan-style market breadth oscillator in a separate pane.
GitHub stars1on the repository
Pine versionv6current
Lines of code162
Settings15inputs
LicenceNone stated
Last update7 months ago6 Mar 2026
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
Asymmetric McClellan Oscillator measures the gap between a fast and a slow exponential moving average of net advancing versus declining issues for NYSE or NASDAQ, or for custom tickers. A ratio-adjusted mode normalizes net advances by total issues. Optional signal line and histogram, overbought and oversold bands, breadth thrust detection, and alerts are included. Exchange, EMA lengths, and the data timeframe are user settings. It does not trade or set stops.
- NYSE and NASDAQ advance-decline data
- Custom advancing and declining tickers
- Raw and ratio-adjusted modes
- Signal line and optional histogram
- Overbought, oversold, and breadth thrust alerts
Details
Published by
joemccann on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
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 |
|---|---|---|---|
| Exchange | string | NYSE | i_exchange |
| Custom Adv Ticker | string | | i_advTicker |
| Custom Dec Ticker | string | | i_decTicker |
| Data Timeframe | timeframe | D | i_tf |
| Ratio-Adjusted | bool | true | i_ratioAdj |
| Fast EMA Period | int | 19 | i_fastLen |
| Slow EMA Period | int | 39 | i_slowLen |
| Show Signal Line | bool | true | i_showSig |
| Signal EMA Period | int | 9 | i_sigLen |
| Show Histogram | bool | false | i_showHist |
| Overbought | float | 70.0 | i_obLvl |
| Oversold | float | -70.0 | i_osLvl |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Extreme Overbought | float | 100.0 | i_extOB |
| Extreme Oversold | float | -100.0 | i_extOS |
| Show Legend | bool | true | i_showLegend |
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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