This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v4 · Own pane
Asymmetrical RSI
Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source.
GitHub stars948on the repository
Pine versionv4older, still runs
Lines of code45
Settings5inputs
LicenceGPL-3.0
Last update10 days ago18 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
45 lines of Pine Script v4 from oscillators/asymmetrical_rsi.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Copyright (c) 2018-present, Alex Orekhov (everget)
// Asymmetrical RSI script may be freely distributed under the terms of the GPL-3.0 license.
study("Asymmetrical RSI", shorttitle="ARSI")
length = input(title="Length", type=input.integer, defval=14)
obLevel = input(title="Overbought Level", type=input.integer, defval=70)
osLevel = input(title="Oversold Level", type=input.integer, defval=30)
src = input(title="Source", type=input.source, defval=close)
highlightBreakouts = input(title="Highlight Overbought/Oversold Breakouts ?", type=input.bool, defval=true)
roc = roc(src, 1)
upCount = sum(roc >= 0 ? 1 : 0, length)
upAlpha = 1 / upCount
upSum = 0.0
upSum := upAlpha * (roc >= 0 ? roc : 0) + (1 - upAlpha) * nz(upSum[1], upSum)
downCount = length - upCount
downAlpha = 1 / downCount
downSum = 0.0
downSum := downAlpha * (roc >= 0 ? 0 : abs(roc)) + (1 - downAlpha) * nz(downSum[1], downSum)
arsi = fixnan(100 * upSum / (upSum + downSum))
arsiColor = arsi > obLevel ? #0ebb23 : arsi < osLevel ? #ff0000 : #f4b77d
plot(arsi, title="ARSI", linewidth=2, color=arsiColor, transp=0)
transparent = color.new(color.white, 100)
maxLevelPlot = hline(100, title="Max Level", linestyle=hline.style_dotted, color=transparent)
obLevelPlot = hline(obLevel, title="Overbought Level", linestyle=hline.style_dotted)
hline(50, title="Middle Level", linestyle=hline.style_dotted)
osLevelPlot = hline(osLevel, title="Oversold Level", linestyle=hline.style_dotted)
minLevelPlot = hline(0, title="Min Level", linestyle=hline.style_dotted, color=transparent)
fill(obLevelPlot, osLevelPlot, color=color.purple, transp=95)
obFillColor = arsi > obLevel and highlightBreakouts ? color.green : transparent
osFillColor = arsi < osLevel and highlightBreakouts ? color.red : transparent
fill(maxLevelPlot, obLevelPlot, color=obFillColor, transp=90)
fill(minLevelPlot, osLevelPlot, color=osFillColor, transp=90)
Overview
Asymmetrical RSI plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below the oversold level. The script draws horizontal dotted lines at the minimum zero, oversold, middle fifty, overbought, and maximum one-hundred levels while filling the area between overbought and oversold. Users may vary the calculation length, overbought and oversold thresholds, source, and whether breakout highlighting fills the regions above and below those levels. The indicator operates without repainting or lookahead.
- Asymmetrical Relative Strength Index
- Overbought Oversold Breakout Fills
- Variable Length ROC Calculation
- Custom Source Selection
- Color Coded ARSI Plotting
Details
Published by
everget 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.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 14 | length |
| Overbought Level | int | 70 | obLevel |
| Oversold Level | int | 30 | osLevel |
| Source | source | close | src |
| Highlight Overbought/Oversold Breakouts ? | bool | true | highlightBreakouts |
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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