This indicator plots the Commodity Channel Index in a separate pane and surrounds it with a Donchian channel whose lookback length changes with volatility. It measures volatility as a ratio of short and long ATR values, then ranks that ratio and shortens or le
Indicator · Pine Script v6 · Own pane
Grid Bot Grid Range Plugin RSI Channel [psyll]
This indicator serves as a grid range plugin for the Grid Bot framework by calculating an RSI-based channel.
Repaints
GitHub stars2on the repository
Pine versionv6current
Lines of code79
Settings17inputs
LicenceMIT
Last update8 months ago25 Feb 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
79 lines of Pine Script v6 from plugins/Grid Bot [Grid range plugin] RSI Channel [psyll].pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Author: Psyll.com
// Email: info@psyll.com
// Website: https://psyll.com
// Copyright: Copyright © 2025 psyll.com. All rights reserved.
indicator('Grid Bot [Grid range plugin] RSI Channel [psyll]', overlay = false)
decimal_places = 0
tick_size = syminfo.mintick
while tick_size < 1
tick_size := tick_size * 10
decimal_places := decimal_places + 1
decimal_places
settings_group = 'Settings #################################################'
rsi_channel_src = input(close, title = 'Source', group = settings_group, display = display.none)
rsi_channel_len = input(14, title = 'Length', group = settings_group, display = display.none)
rsi_channel_oblevel = input.int(70, title = 'OB Level', maxval = 99, minval = 1, group = settings_group, display = display.none)
rsi_channel_oslevel = input.int(30, title = 'OS Level', maxval = 99, minval = 1, group = settings_group, display = display.none)
rsi_channel_smt = input.int(1, title = 'EMA Smoothing', minval = 1, group = settings_group, display = display.none)
rsi_channel_offset = input.float(1, 'Offset', group = settings_group, display = display.none)
smooth = input.int(1, 'Smoothness', minval = 1, group = settings_group, display = display.none)
width_min = input.float(0, 'Min width', group = settings_group, display = display.none)
width_max = input.float(99999, 'Max width', group = settings_group, display = display.none)
width_min_half = width_min / 2
width_max_half = width_max / 2
tf_group = 'Timeframe ###############################################'
tf_confirmation_wait = input.bool(defval = true, title = 'Wait for confirm', group = tf_group, inline = tf_group, display = display.none)
tf_no_repaint_security = input.bool(defval = true, title = 'No repaint', group = tf_group, inline = tf_group, display = display.none)
tf_barmerge_lookahead = input.bool(defval = false, title = 'Lookahead', group = tf_group, inline = tf_group, display = display.none)
tf_barmerge_gaps = input.bool(defval = false, title = 'Gaps', group = tf_group, inline = tf_group, display = display.none)
tf_type = input.string(title = 'Type', options = ['Static', 'Custom'], defval = 'Static', group = tf_group, display = display.none)
tf_static = input.timeframe(defval = '', title = 'Static', group = tf_group, display = display.none)
tf_custom = str.tostring(input.int(1, 'Custom', group = tf_group, display = display.none))
tf_type_value = switch tf_type
'Static' => tf_static
'Custom' => tf_custom
tf_security(source) =>
request.security(syminfo.tickerid, tf_type_value, tf_no_repaint_security ? source[barstate.isrealtime ? 1 : 0] : source, gaps = tf_barmerge_gaps ? barmerge.gaps_on : barmerge.gaps_off, lookahead = tf_barmerge_lookahead ? barmerge.lookahead_on : barmerge.lookahead_off)[tf_no_repaint_security ? barstate.isrealtime ? 0 : 1 : 0]
display_group = 'Display ##################################################'
price_color = input.color(color.black, 'Candles color', display = display.none, group = display_group)
plotcandle(open, high, low, close, color = price_color, bordercolor = price_color, wickcolor = price_color, display = display.pane)
rsi_channel_src := tf_security(rsi_channel_src)
my_rsi(x, len) =>
u = math.max(x - x[1], 0)
d = math.max(x[1] - x, 0)
sumu = 0.0
sumd = 0.0
sumu := (u + (len - 1) * nz(sumu[1])) / rsi_channel_len
sumd := (d + (len - 1) * nz(sumd[1])) / rsi_channel_len
rs = sumu / sumd
res = 100 - 100 / (1 + rs)
[res, sumu, sumd]
[Rsi, sumu, sumd] = my_rsi(rsi_channel_src, rsi_channel_len)
diffupob = sumd * (100 / (100 - rsi_channel_oblevel) - 1) * rsi_channel_len - (rsi_channel_len - 1) * nz(sumu[1])
diffdnob = sumu / (100 / (100 - rsi_channel_oblevel) - 1) * rsi_channel_len - (rsi_channel_len - 1) * nz(sumd[1])
diffupos = sumd * (100 / (100 - rsi_channel_oslevel) - 1) * rsi_channel_len - (rsi_channel_len - 1) * nz(sumu[1])
diffdnos = sumu / (100 / (100 - rsi_channel_oslevel) - 1) * rsi_channel_len - (rsi_channel_len - 1) * nz(sumd[1])
oblev = Rsi <= rsi_channel_oblevel ? rsi_channel_src + diffupob : rsi_channel_src - diffdnob
oslev = Rsi <= rsi_channel_oslevel ? rsi_channel_src + diffupos : rsi_channel_src - diffdnos
oblev := tf_security(ta.ema(oblev, rsi_channel_smt))
oslev := tf_security(ta.ema(oslev, rsi_channel_smt))
grid_high = oblev + rsi_channel_offset
grid_low = oslev - rsi_channel_offset
grid_middle = (grid_high + grid_low) / 2
if grid_high - grid_low < width_min
grid_high := grid_middle + width_min_half
grid_low := grid_middle - width_min_half
grid_low
if grid_high - grid_low > width_max
grid_high := grid_middle - width_max_half
grid_low := grid_middle + width_max_half
grid_low
grid_high := ta.sma(grid_high, smooth)
grid_middle := ta.sma(grid_middle, smooth)
grid_low := ta.sma(grid_low, smooth)
// Plots
plot(grid_high, 'High', color.green, display = display.all)
plot(grid_middle, 'Middle', color.silver, display = display.pane)
plot(grid_low, 'Low', color.red, display = display.all)
Overview
Plotted in a separate pane, it computes smoothed RSI levels, overbought and oversold thresholds, and channel width constraints using custom multi-timeframe security requests. Users can customize RSI length, source, smoothing, offset, min/max channel width, and timeframe settings. The script includes inputs for multi-timeframe security configurations, which can introduce lookahead bias if lookahead options are enabled.
- RSI channel calculation with customizable length and smoothing
- Multi-timeframe security selection with custom options
- Configurable overbought and oversold threshold levels
- Minimum and maximum channel width constraints
Details
Published by
cullyk on GitHub
Code credit
Copyright, as written in the script's header
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | rsi_channel_src |
| Length | int | 14 | rsi_channel_len |
| OB Level | int | 70 | rsi_channel_oblevel |
| OS Level | int | 30 | rsi_channel_oslevel |
| EMA Smoothing | int | 1 | rsi_channel_smt |
| Offset | float | 1 | rsi_channel_offset |
| Smoothness | int | 1 | smooth |
| Min width | float | 0 | width_min |
| Max width | float | 99999 | width_max |
| Wait for confirm | bool | true | tf_confirmation_wait |
| No repaint | bool | true | tf_no_repaint_security |
| Lookahead | bool | false | tf_barmerge_lookahead |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Gaps | bool | false | tf_barmerge_gaps |
| Type | string | Static | tf_type |
| Static | timeframe | | tf_static |
| Custom | int | 1 | Custom |
| Candles color | color | color.black | price_color |
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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