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
Color Picker Showcase
This educational script demonstrates Pine Script dynamic coloring techniques by plotting the closing price in a separate pane.
GitHub stars65on the repository
Pine versionv5runs as is
Lines of code4
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 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
4 lines of Pine Script v5 from examples/v5/tradingview-docs/v5-concepts-colors-09.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Color picker showcase")
plotColor = color.new(close > open ? color.teal : color.red, 50)
plot(close, color = plotColor)
Overview
Color Picker Showcase evaluates whether the current bar is bullish or bearish by comparing the close price to the open price. If the bar is bullish, it applies a semi-transparent teal color to the plot line; otherwise, it applies a semi-transparent red color. The script serves as a simple code example for conditional transparency and plot coloring logic.
- Dynamic conditional plot coloring
- Transparency handling with color logic
- Bullish and bearish candle color visualization
Details
Published by
be-thomas 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-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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.
Similar Pine Scripts
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
Range Volume Change compares volume inside a chosen session window with the same window on the previous day and plots that change as a percentage. It accumulates volume during the window and, when enabled, volume outside it, drawing growing columns in a separa
This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
This indicator plots the Average Directional Index in a separate pane and colors the line teal or maroon according to whether plus DI is above minus DI. A horizontal key level and a silver background mark periods when ADX exceeds that threshold. With labels en
The Mojito v3 Strategy indicator evaluates volatility term structure by calculating the ratio between front-month and second-month VIX futures contracts. It smooths this ratio using a configurable median filter and compares the result against user-defined uppe
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers