by 
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
Awesome Oscillator
A Pine v6 indicator in a separate pane that plots the Awesome Oscillator as columns.
GitHub stars1on the repository
Pine versionv6current
Lines of code11
Settings0inputs
LicenceMIT
Last update2 weeks ago10 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
11 lines of Pine Script v6 from indicators/awesome-oscillator.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("Awesome Oscillator", "AO", overlay = false, timeframe = "", timeframe_gaps = true)
ao = ta.sma(hl2, 5) - ta.sma(hl2, 34)
difference = ao - ao[1]
turnedGreen = ta.crossover(difference, 0)
turnedRed = ta.crossunder(difference, 0)
plot(ao, "AO", difference <= 0 ? #a20000 : #98c700, style = plot.style_columns)
alertcondition(turnedGreen, "AO color changed to green", "Awesome Oscillator's color has changed to green")
alertcondition(turnedRed, "AO color changed to red", "Awesome Oscillator's color has changed to red")
Overview
Awesome Oscillator subtracts a 34-bar simple moving average of each bar's midpoint from a 5-bar one. Columns are green when the value is rising from the previous bar and dark red when it is not. Two alert conditions fire when the column color changes to green or red. The lengths are fixed in the code and there are no inputs.
- 5 and 34 period midpoint average difference
- Green and red columns based on change
- Alerts on color change to green or red
- Separate pane histogram
Details
Published by
AkashSasikumar47 on GitHub
Type
Draws
Separate pane below the chart
Category
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
pine-scriptpinescript-v6technical-analysistrading-indicatorstradingview
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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