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
MicroQuant Momentum
MicroQuant Momentum is a momentum oscillator indicator that calculates the True Strength Index fast and slow components.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code34
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 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
34 lines of Pine Script v5 from Tradingview/microquant-momentum.pine, published under MPL-2.0 (file header). 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/
// © goodgains
//@version=5
indicator("MicroQuant Momentum", overlay = false)
// @keywords: true-strength-index, tsi-fast-slow, histogram-difference, overbought-25, oversold-minus-25, breakout-alerts, reversal-alerts, column-histogram, ema-smooth-tsi, lower-pane-oscillator, zero-line, traders-post-alerts, momentum-cross, fast-slow-cross, panel-oscillator, level-bands, signal-line-ema, trend-reversal, breakout-zone, momentum-histogram
indicator_line = input.int(32, title = 'Indicator Line')
smooth = input.int(5, title = 'Smooth')
signal_line = input.int(5, title = 'Signal Line')
tsi_fast = ta.tsi(close, smooth, indicator_line) * 100
tsi_slow = ta.ema(tsi_fast, signal_line)
plot(0, color = color.rgb(75, 75, 77))
plot(tsi_fast, title = 'TSI Fast', color = color.rgb(121, 177, 222))
plot(tsi_slow, title = 'TSI Slow', color = color.rgb(223, 168, 78))
plot(25, title = 'High Lvl', color = color.new(#006400,0))
plot(-25, title = 'Low Level', color = color.new(#800000, 0))
plot( (tsi_fast-tsi_slow)*2, title = 'Hist', style = plot.style_columns,
color = tsi_fast >= tsi_slow ? color.green : color.red)
var bool tradersPostBuy = na
var bool tradersPostSell = na
tradersPostBuy := tsi_fast > tsi_slow and tsi_fast[1] < tsi_slow[1]
tradersPostSell := tsi_fast < tsi_slow and tsi_fast[1] > tsi_slow[1]
alertcondition(tradersPostBuy, title="MicroQuant Momentum Buy")
alertcondition(tradersPostSell, title="MicroQuant Momentum Sell")
Overview
MicroQuant Momentum plots the TSI Fast, TSI Slow, and their difference histogram in a separate pane. Buy and sell signals trigger on crossovers of the fast and slow lines, with alerts for each. The main settings include the indicator line length, smoothing factor, and signal line period. It also draws horizontal levels at 25 and -25. This indicator does not have exit rules or stop loss as it is designed for alert-based trading.
- TSI Fast
- TSI Slow
- Histogram
- Buy Sell Alerts
- Momentum Oscillator
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Draws
Separate pane below the chart
Category
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Indicator Line | int | 32 | indicator_line |
| Smooth | int | 5 | smooth |
| Signal Line | int | 5 | signal_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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