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 v4 · Own pane
Compound conditions
This indicator plots the relative strength index in a separate pane and marks a compound bullish state when four conditions hold together.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code28
Settings2inputs
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
28 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-debugging-07.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Compound conditions")
i_period = input(20)
i_bullLevel = input(55)
r = rsi(close, i_period)
// Condition #1.
rsiBull = r > i_bullLevel
// Condition #2.
hiChannel = highest(r, i_period * 2)[1]
aboveHiChannel = r > hiChannel
// Condition #3.
channelIsOld = hiChannel >= hiChannel[i_period]
// Condition #4.
historyIsBull = sum(rsiBull ? 1 : -1, i_period * 3) > 0
// Compound condition.
bull = rsiBull and aboveHiChannel and channelIsOld and historyIsBull
hline(i_bullLevel)
plot(r, "RSI", color.black)
plot(hiChannel, "High Channel")
plotchar(rsiBull ? i_bullLevel : na, "rIsBull", "1", location.absolute, color.green, size = size.tiny)
plotchar(aboveHiChannel ? r : na, "aboveHiChannel", "2", location.absolute, size = size.tiny)
plotchar(channelIsOld, "channelIsOld", "3", location.bottom, size = size.tiny)
plotchar(historyIsBull, "historyIsBull", "4", location.top, size = size.tiny)
bgcolor(bull ? not bull[1] ? color.new(color.green, 50) : color.green : na)
Overview
Compound conditions tests whether RSI is above a bull level, above a prior high channel of RSI, whether that channel has not fallen for a set lookback, and whether recent bullish RSI bars outweigh bearish ones. The period and bull level change the RSI length, channel windows, history length, and horizontal level. It colors the background when the compound condition is true and draws numbered markers for each part. It is an indicator with no entries, exits, or stop loss.
- RSI plotted with a horizontal bull level
- Prior high channel of RSI
- Four-part compound bull condition
- Numbered plotchar markers for each condition
- Background color when the compound condition is true
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
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
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| i_period | int | 20 | i_period |
| i_bullLevel | int | 55 | i_bullLevel |
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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