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
Capital Rotational Event (CRE) - Multi Pair Scanner
This indicator tracks capital rotation by comparing a primary lead asset against up to four secondary receiver assets.
GitHub stars7on the repository
Pine versionv6current
Lines of code63
Settings7inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Capital Rotational Event (CRE) - Multi Pair Scanner calculates relative strength as the ratio between receiver and lead close prices, smoothed by a moving average, along with its momentum. Discrete bull, bear, or neutral state values are calculated for each asset pair and plotted in a separate pane. Additionally, background coloring highlights periods when a receiver displays a dominant bullish rotation.
- Multi-pair relative strength evaluation
- Configurable lead and receiver symbols
- Dual SMA smoothing for RS and momentum
- Dominant rotation background highlighting
Details
Published by
eddiebelaval 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Capital Source (Lead Asset) | symbol | SPY | lead |
| Receiver 1 | symbol | GLD | r1 |
| Receiver 2 | symbol | TLT | r2 |
| Receiver 3 | symbol | USO | r3 |
| Receiver 4 | symbol | XLE | r4 |
| RS Length | int | 14 | lenRS |
| Momentum Length | int | 9 | lenMom |
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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