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 v4 · Own pane
My Relative Strength Index
This separate-pane indicator plots a custom relative strength index whose length and overbought and oversold bands change with the chart timeframe, or uses a length the user sets.
Repaints
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code262
Settings3inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
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
A configuration mode can hide the RSI and, on BTCUSD daily, weekly, or monthly charts, show Bitcoin hashrate or NVT data, including an overflow view. It also compares 12- and 26-period EMAs of high to flag timeframe-specific overextension. It is not a strategy and has no entries, exits, or stops.
- Timeframe-dependent RSI length and bands
- Optional user-defined RSI length
- Bitcoin hashrate and NVT modes
- EMA difference overextension coloring
- Overflow display mode
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use below RSI | bool | false | userRsi |
| RSI Length | int | 30 | rsiLength |
| Configuration mode : | string | RSI | mode |
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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