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
Better RSI
Better RSI is a momentum indicator plotted in a separate pane that calculates the relative strength index with enhanced visual horizontal levels and a state-tracking cycler.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings5inputs
LicenceMIT
Last update7 weeks ago8 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
32 lines of Pine Script v6 from backend/internal/pineruntime/sources/rsi.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("Better RSI", overlay = false)
myPeriod = input.int(14, "Period", minval = 1, maxval = 500)
src = input.source(close, "Source")
showCycler = input.bool(true, "Show cycler?")
lvl = input.float(50, "Cycler level on plot")
lineColor = input.color(color.white, "RSI Color")
myRSI = ta.rsi(src, myPeriod)
firstColor = color.new(color.white, 10)
secondColor = color.new(color.orange, 50)
thirdColor = color.gray
h30 = hline(30, "Low", firstColor, hline.style_dashed)
h70 = hline(70, "High", firstColor, hline.style_dashed)
h20 = hline(20, "Second low", secondColor, hline.style_solid)
h80 = hline(80, "Second high", secondColor, hline.style_solid)
h40 = hline(40, "40 line", thirdColor, hline.style_dashed)
h60 = hline(60, "60 line", thirdColor, hline.style_dashed)
fill(h30, h70, color.new(color.fuchsia, 90), "Background color")
plot(myRSI, "RSI", lineColor, 2)
plot(myRSI >= 70 or myRSI <= 30 ? myRSI : na, "Oversold color", color.red, 3, plot.style_linebr)
cycler = na
cycler := if myRSI > 69 or myRSI < 31
myRSI > 69 ? 1 : 2
else
(nz(cycler[1]) == 1 and myRSI < 39) or (nz(cycler[1]) == 2 and myRSI > 61) ? 0 : nz(cycler[1])
cyclerColor = cycler == 0 ? color.white : cycler == 1 ? color.lime : color.red
plot(showCycler ? lvl : na, "Cycler colors", cyclerColor, 2)
Overview
Better RSI highlights overbought and oversold extremes at 70 and 30 and tracks momentum cycles using threshold resets when crossing back past 39 or 61. An optional cycler reference line changes color to indicate bullish, bearish, or neutral cycle states. Settings allow customization of the RSI period, price source, cycler plot level, and line colors.
- RSI calculation with custom overbought and oversold highlights
- State-tracking momentum cycler logic
- Multi-level horizontal reference lines
- Configurable cycler level plot and line styling
Details
Published by
DEVfancybear on GitHub
Type
Indicator, Pine Script v6
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
tradingviewalgorithmic-tradinggolangmarket-replaymetatrader5mt5nextjspostgresqlreactrisk-management
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Period | int | 14 | myPeriod |
| Source | source | close | src |
| Show cycler? | bool | true | showCycler |
| Cycler level on plot | float | 50 | lvl |
| RSI Color | color | color.white | lineColor |
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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