Heikin Ashi RSI Oscillator: Free TradingView Indicator (Pine Script)

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

Heikin Ashi RSI Oscillator calculates candles from a chosen source and RSI length, with optional smoothing of the candle open. Users can also show a separate RSI line, an RSI histogram, a stochastic overlay, and a ribbon. Overbought and oversold bands mark extreme zones. Length, smoothing, stochastic scaling, and level thresholds are adjustable. It does not place trades or define exits.

RSI-based Heikin Ashi candles
Optional RSI plot and histogram
Optional stochastic overlay
Trend ribbon
Overbought and oversold levels

Details

Published by

papound on GitHub

Type

Indicator, Pine Script v4

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.

File

pine_script/harsi.pine

Repository

github.com/papound/freqtradeStrategies. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Length	`int`	`14`	`i_lenHARSI`
Open Smoothing	`int`	`1`	`i_smoothing`
Colour Pallette	`color`	`color.teal`	`i_colUp`
	`color`	`color.red`	`i_colDown`
	`color`	`color.gray`	`i_colWick`
Source	`source`	`ohlc4`	`i_source`
Length	`int`	`7`	`i_lenRSI`
Smoothed Mode RSI?	`bool`	`true`	`i_mode`
Show RSI Plot?	`bool`	`true`	`i_showPlot`
Show RSI Histogram?	`bool`	`true`	`i_showHist`
Show Stochastic?	`bool`	`false`	`i_showStoch`
Ribbon?	`bool`	`true`	`i_ribbon`

Show all 20 settings

Setting	Type	Default	Variable
Smoothing K	`int`	`3`	`i_smoothK`
Smoothing D	`int`	`3`	`i_smoothD`
Stochastic Length	`int`	`14`	`i_stochLen`
Stoch Scaling %	`int`	`80`	`i_stochFit`
OB	`int`	`20`	`i_upper`
OB Extreme	`int`	`30`	`i_upperx`
OS	`int`	`-20`	`i_lower`
OS Extreme	`int`	`-30`	`i_lowerx`

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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