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
MarketCipher B
MarketCipher B plots a wave oscillator in a separate pane.
GitHub stars10on the repository
Pine versionv5runs as is
Lines of code96
Settings10inputs
LicenceNone stated
Last update2 years ago10 Aug 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
MarketCipher B builds two smoothed waves from the typical price, draws their difference as a VWAP-style area, and marks wave crosses with buy and sell dots, including larger dots below a lower threshold. Optional money-flow and stochastic RSI lines can be shown, with the stochastic values taken from Heikin Ashi data on the chart timeframe. Adjustable solid and dotted levels mark upper, lower, and trigger zones. It is an indicator only and has no entry, exit, or stop rules.
- Dual wave oscillator areas
- Buy and sell cross dots
- Money flow area plot
- Stochastic RSI lines
- Adjustable oscillator levels
Details
Published by
2b260adc4a7 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Sto RSI | bool | true | StocOrj |
| Buy/Sell Dot | bool | true | alsat |
| Vwap | bool | true | VWOrj |
| Mfi | bool | true | mfib |
| Mfi Bar | bool | true | mfibar |
| top_dotted_line | int | 100 | top_dotted_line |
| top_solid_line | int | 60 | top_solid_line |
| bottom_dotted_line | int | -55 | bottom_dotted_line |
| bottom_solid_line | int | -60 | bottom_solid_line |
| mid_dotted_line | int | 55 | mid_dotted_line |
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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