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
Devis'So Ratio Label accumulates percentage moves between consecutive closes, runs an RSI on that series, and divides the RSI change by the change in the cumulative series. Each label shows the ratio and a short ease note when the ratio is lower or higher than the previous bar of the same direction. The only setting is the RSI length. Labels sit above the bar high and are tinted by the ratio sign. It has no entries, exits, or stops.
Cumulative percent-change series
RSI of the cumulative series
Ratio of RSI change to cumulative change
Easy or hard comparison versus prior same-direction bar
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Periyodu
int
3
rsiLength
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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