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 v5 · Own pane
Beta Convexity
Beta Convexity plots the second difference of a linear regression fitted to the close.
GitHub stars99on the repository
Pine versionv5runs as is
Lines of code6
Settings1inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 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
6 lines of Pine Script v5 from lib/statistics/convexity/convexity.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Beta Convexity", "CONVEXITY")
period = input.int(20, minval=2)
fit = ta.linreg(close, period, 0)
plot(fit - 2.0 * fit[1] + fit[2], "Convexity", color=color.orange)
plot(0, "Zero", color=color.gray)
Overview
Beta Convexity estimates how that fitted series bends over a rolling window and draws the result in a separate pane with a zero reference line. The period input sets the regression length, with a minimum of two bars. Positive and negative readings show convex versus concave curvature of the fitted values. The script does not produce entries, exits, stops, or position sizing, and the provided code does not flag repainting or lookahead.
- Linear regression of close
- Second difference of the fit
- Adjustable lookback period
- Zero reference line
- Separate pane plot
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
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-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| period | int | 20 | period |
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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