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
iHotel Index
The iHotel Index indicator tracks Indian hotel sector equities listed on the National Stock Exchange (NSE).
GitHub stars11on the repository
Pine versionv5runs as is
Lines of code20
Settings0inputs
LicenceMIT
Last update2 years ago11 Dec 2023
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
20 lines of Pine Script v5 from indicator/iHotelIndex.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © yesgoods
//@version=5
indicator("iHotel Index")
import yesgoods/quant/1
indhotelC = request.security(symbol="NSE:INDHOTEL", timeframe=timeframe.period, expression=close)
eihotelC = request.security(symbol="NSE:EIHOTEL", timeframe=timeframe.period, expression=close)
rohltdC = request.security(symbol="NSE:ROHLTD", timeframe=timeframe.period, expression=close)
chaletC = request.security(symbol="NSE:CHALET", timeframe=timeframe.period, expression=close)
deltacorpC = request.security(symbol="NSE:DELTACORP", timeframe=timeframe.period, expression=close)
eihahotelsC = request.security(symbol="NSE:EIHAHOTELS", timeframe=timeframe.period, expression=close)
lemontreeC = request.security(symbol="NSE:LEMONTREE", timeframe=timeframe.period, expression=close)
tajgvkC = request.security(symbol="NSE:TAJGVK", timeframe=timeframe.period, expression=close)
mhrilClose = request.security(symbol="NSE:MHRIL", timeframe=timeframe.period, expression=close)
//sinclairC = request.security(symbol="NSE:SINCLAIR", timeframe=timeframe.period, expression=close)
indhotel = quant.pctChange(indhotelC)
plot(indhotelC)
Overview
iHotel Index uses security functions to fetch closing prices for multiple hospitality stocks, including Indian Hotels Company, EIH, Royal Orchid Hotels, Chalet Hotels, Delta Corp, Lemon Tree Hotels, TAJ GVK, and Mahindra Holidays. The indicator computes percentage price changes using an external library and plots the output in a separate chart pane.
- Multi-symbol data retrieval for Indian hotel equities
- NSE hospitality sector price tracking
- Custom index calculation via library function
- Separate pane visual display
Details
Published by
hirawatt on GitHub
Code credit
yesgoods, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Markets
Stocks
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
pinescriptpinescript-indicatorspinescript-strategiestradingview
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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