This indicator scans a pasted list of symbols for RSI directional momentum and shows matching long and short signals in a table in a separate pane. The user chooses continuous break, continuous retracement, flip break, flip retracement, divergence, or hidden d
Indicator · Pine Script v5 · Own pane
KARPUZLU-RSI
Calculates a custom-period Relative Strength Index alongside an Exponential Moving Average of the RSI in a separate pane.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code632
Settings40inputs
LicenceNone stated
Last update2 years ago5 May 2024
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
KARPUZLU-RSI identifies pivot highs and lows directly on the RSI plot to highlight trendlines and potential divergence patterns. The area between the RSI line and its EMA is dynamically shaded to reflect momentum bias. It also includes configuration settings for scanning multiple symbols, primarily tailored for Turkish stock market indices.
- Dual RSI and RSI EMA plots
- Dynamic color shading between oscillator lines
- RSI pivot high and low detection
- RSI trendline analysis
- Multi-symbol scanner inputs
Details
Published by
Kalumur on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Divergence, Screeners & dashboards
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.
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 | src |
| RSI Length | int | 22 | len1 |
| RSI-EMA Length | int | 66 | len2 |
| Pivot Point Period | int | 10 | prd |
| Number of Pivot Point to check | int | 10 | PPnum |
| Line Style | string | Solid | linestylei |
| Line Width | int | 1 | linewidth |
| TopLine-Color | string | red | line1_color |
| BottomLine-Color | string | blue | line2_color |
| Show Broken Trend Lines | bool | true | showbroken |
| Extend Lines | bool | false | extendlines |
| Show Pivot Points | bool | false | showpivot |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Lookback Right | int | 5 | lbR |
| Pivot Lookback Left | int | 5 | lbL |
| Max of Lookback Range | int | 60 | rangeUpper |
| Min of Lookback Range | int | 5 | rangeLower |
| Bullish Divergence | bool | false | plotBull |
| Bearish Divergence | bool | false | plotBear |
| Grup seç | string | 1 | grupSec |
| PERİYOT | timeframe | | per |
| Konum Ayarı | int | 20 | loc |
| 1 | symbol | | sb1 |
| 2 | symbol | BIST:XAKUR | sb2 |
| 3 | symbol | BIST:XBANA | sb3 |
| 4 | symbol | BIST:XBANK | sb4 |
| 5 | symbol | BIST:XBLSM | sb5 |
| 6 | symbol | BIST:XELKT | sb6 |
| 7 | symbol | BIST:XFINK | sb7 |
| 8 | symbol | BIST:XGIDA | sb8 |
| 9 | symbol | BIST:XGMYO | sb9 |
| 10 | symbol | BIST:XHOLD | sb10 |
| 11 | symbol | BIST:XILTM | sb11 |
| 12 | symbol | BIST:XINSA | sb12 |
| 13 | symbol | BIST:XKAGT | sb13 |
| 14 | symbol | BIST:XKMYA | sb14 |
| 15 | symbol | BIST:XMADN | sb15 |
| 16 | symbol | BIST:XMANA | sb16 |
| 17 | symbol | BIST:XMESY | sb17 |
| 18 | symbol | BIST:XSGRT | sb18 |
| 19 | symbol | BIST:XSPOR | sb19 |
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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