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 Script
This indicator stores the closing price in a variable named price and replaces that value with the high-low midpoint whenever the midpoint is greater than the close.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code6
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 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
6 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-language-expressions-declarations-and-statements-07.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("My Script")
price = close
if hl2 > price
price := hl2
plot(price)
Overview
My Script then plots the resulting series in a separate pane. The script has no user inputs, so nothing changes its comparison or plot. It is a short documentation example of variable declaration, an if statement, and reassignment rather than a trading signal. It does not mark entries, exits, or risk levels.
- Variable initialized to the closing price
- Conditional reassignment when hl2 exceeds close
- Plot of the adjusted price series
- Separate pane output
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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