Pulse RSI: Free TradingView Indicator (Pine Script)

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

171 lines of Pine Script v6 from indicator/olg_7_6_26/LyroRS/13.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

13.txt

// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © LyroRS

//@version=6
indicator("Pulse RSI | Lyro RS", overlay = false)


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//─────────────────────────────────────────────────────────────────────────────────────────────────────────────
//                                                 LyroRS v1.0


var indi_g = "Indicator Settings"
var colors_g = "Color Settings"
var plot_g = "Plot Settings"
var signal_g = "Signal Settings"

// Inputs
len = input.int(55, title = "Length", tooltip = "Adjust the Length of the Indicator", group = indi_g)
Threshold_L_Fl = input.int(10, "Threshold Long", step=1, group = indi_g, tooltip = "Adjust Threshold for Long signals to Fire, NOTE: Enable Type 4")
Threshold_S_Fl = input.int(15, "Threshold Short", step=1, group = indi_g, tooltip = "Adjust Threshold for Short signals to Fire, NOTE: Enable Type 4")


// Plots Enable section
sigType1Enable = input.bool(false, title = "Trend - Type 1", tooltip = "Enable Type 1 Conditions (res > res[1]), Trend", group = signal_g)
sigType2Enable = input.bool(true, title = "Trend - Type 2", tooltip = "Enable Type 2 Conditions (res > 50), Trend", group = signal_g)
sigType3Enable = input.bool(true, title = "Oversold / Overbought", tooltip = "Enable Type 3 Conditions (res > 30 / 70), Oversold and Overbought", group = signal_g)
sigType4Enable = input.bool(false, title = "Custom Threshold L/S", tooltip = "Enable Type 4 Conditions (res > Threshold Long / Short), Custom Signals", group = signal_g)

// Color Inputs
ColMode = input.string("Mystic", "Custom Color Palette", inline="drop", options=["Classic", "Mystic", "Accented", "Royal"], display=display.none, group=colors_g,  tooltip="Choose a predefined color scheme for indicator visualization.")

cpyn = input.bool(false, "Use Custom Palette", tooltip= "Enable manual selection of custom colors for trend signals.", group=colors_g, display=display.none)
cp_UpC = input.color(#00ff00, "Custom Up", inline= "Custom Palette", tooltip= "Set a custom color for bullish signals.", group=colors_g, display=display.none)
cp_DnC = input.color(#ff0000, "Custom Down", inline= "Custom Palette", tooltip= "Set a custom color for bearish signals.", group=colors_g, display=display.none)



// Colors
color UpC = na
color DnC = na

switch ColMode
    "Classic" =>
        UpC := #00E676
        DnC := #880E4F
    "Mystic" =>
        UpC := #30FDCF
        DnC := #E117B7
    "Accented" =>
        UpC := #9618F7
        DnC := #FF0078
    "Royal" =>
        UpC := #FFC107
        DnC := #673AB7


if cpyn
    UpC := cp_UpC
    DnC := cp_DnC

// Method
vol = (close * high * low) * math.abs(volume)
help = math.sqrt(vol)
helpp = ta.sma(help, len)
help2 = ta.linreg(helpp, len, 0)
u = math.max(help2 - help2[1], 0)
d = math.max(help2[1] - help2, 0)
rs = ta.ema(u, len) / ta.ema(d, len)
res = 100 - 100 / (1 + rs)

// Conditions
// Trend
var sigType1 = 0
var colType1 = color.white
if res > res[1]
    sigType1 := 1
    colType1 := UpC
if res < res[1]
    sigType1 := -1
    colType1 := DnC

// Trend
var sigType2 = 0
var colType2 = color.white
if res > 50
    sigType2 := 1
    colType2 := UpC
if res < 50
    sigType2 := -1
    colType2 := DnC

// Oversold / Overbought
var sigType3 = 0
var colType3 = color.white
if res > 30
    sigType3 := 1
    colType3 := UpC
if res < 70
    sigType3 := -1
    colType3 := DnC

// Threshold Long / Short Custom Signals
var sigType4 = 0
var colType4 = color.white
if res > Threshold_L_Fl
    sigType4 := 1
    colType4 := UpC
if res < Threshold_S_Fl
    sigType4 := -1
    colType4 := DnC


// Color
pc_dd = sigType1Enable and res > res[1] ? UpC : sigType1Enable and res < res[2] ? DnC : sigType2Enable and res > 50 ? UpC : sigType2Enable and res < 50 ? DnC : na

// Plots
plotshape(sigType1Enable ? ta.crossover(res, res[1]) : false, title = "Type 1 Signals - Trend", style = shape.labelup,text = "𝓛𝓸𝓷𝓰",textcolor = #000000, force_overlay = true, size = size.tiny, location = location.belowbar, color = colType1)
plotshape(sigType1Enable ? ta.crossunder(res, res[1]) : false, title = "Type 1 Signals - Trend", style = shape.labeldown,text = "𝓢𝓱𝓸𝓻𝓽",textcolor = #000000, force_overlay = true, size = size.tiny, location = location.abovebar, color = colType1)

plotshape(sigType2Enable ? ta.crossover(res, 50) : false, title = "Type 2 Signals - Trend", style = shape.labelup,text = "𝓛𝓸𝓷𝓰",textcolor = #000000, force_overlay = true, size = size.tiny, location = location.belowbar, color = colType2)
plotshape(sigType2Enable ? ta.crossunder(res, 50) : false, title = "Type 2 Signals - Trend", style = shape.labeldown,text = "𝓢𝓱𝓸𝓻𝓽",textcolor = #000000, force_overlay = true, size = size.tiny, location = location.abovebar, color = colType2)

plotshape(sigType3Enable ? ta.crossover(res, 30) : false, title = "Type 3 Signals - Oversold / Overbought", style = shape.triangleup, force_overlay = true, size = size.tiny, location = location.belowbar, color = UpC)
plotshape(sigType3Enable ? ta.crossunder(res, 70) : false, title = "Type 3 Signals - Oversold / Overbought", style = shape.triangledown, force_overlay = true, size = size.tiny, location = location.abovebar, color = DnC)

plotshape(sigType4Enable ? ta.crossover(res, Threshold_L_Fl) : false, title = "Type 4 Signals - Custom Threshold L/S", style = shape.labelup,text = "⬆", textcolor = color.white, force_overlay = true, size = size.tiny, location = location.belowbar, color = UpC)
plotshape(sigType4Enable ? ta.crossunder(res, Threshold_S_Fl) : false, title = "Type 4 Signals - Custom Threshold L/S", style = shape.labeldown,text = "⬇", textcolor = color.white, force_overlay = true, size = size.tiny, location = location.abovebar, color = DnC)


pg = plot(res, color = sigType1Enable and res > res[1] ? UpC : sigType1Enable and res < res[2] ? DnC : sigType2Enable and res > 50 ? UpC : sigType2Enable and res < 50 ? DnC : na, linewidth = 2, title = "Main Plot Line")
hline(50, title = "MidLine")

pc_flType1 = sigType1Enable and res > res[1] ? UpC : sigType1Enable and res < res[2] ? DnC : sigType2Enable and res > 50 ? UpC : sigType2Enable and res < 50 ? DnC : na

plotcandle(open, high, low, close, "Candle Color", pc_flType1, pc_flType1, true, bordercolor = pc_flType1, force_overlay = true, display=display.pane)


// -- RRR TH RRR Plot
plot(res, color = color.new(pc_dd, 75), title= "Glow Effect", linewidth = 10, display= display.pane)

plottlfl = plot(Threshold_L_Fl, color= color.new(UpC,30), editable = false)
plottsfl = plot(Threshold_S_Fl, color= color.new(DnC,30), editable = false)


// Alerts
alertcondition(res > res[1], "Pulse RSI Long / Type 1-Trend", "Pulse RSI Trend is Long {{exchange}}:{{ticker}}")
alertcondition(res < res[1], "Pulse RSI Short / Type 1-Trend", "Pulse RSI Trend is Short {{exchange}}:{{ticker}}")


alertcondition(res > 50, "Pulse RSI Long / Type 2-Trend", "Pulse RSI Trend is Long {{exchange}}:{{ticker}}")
alertcondition(res < 50, "Pulse RSI Short / Type 2-Trend", "Pulse RSI Trend is Short {{exchange}}:{{ticker}}")


alertcondition(res > 30, "Pulse RSI Long / Type 3-Oversold/Overbought", "Pulse RSI Oversold is Long {{exchange}}:{{ticker}}")
alertcondition(res < 70, "Pulse RSI Short / Type 3-Oversold/Overbought", "Pulse RSI Overbought is Short {{exchange}}:{{ticker}}")


alertcondition(res > Threshold_L_Fl, "Pulse RSI Long / Type 4-Custom Threshold L/S", "Pulse RSI Threshold HIT Long {{exchange}}:{{ticker}}")
alertcondition(res < Threshold_S_Fl, "Pulse RSI Short / Type 4-Custom Threshold L/S", "Pulse RSI Threshold HIT Short {{exchange}}:{{ticker}}")

Overview

Four selectable signal types are available: two trend variants, an oversold and overbought mode, and a custom long and short threshold mode. Threshold inputs set the levels that turn the line bullish or bearish, and the line is colored by state. Color palettes can be changed. The enabled signal types are the main settings.

Long-period RSI-style oscillator
Four selectable signal types
Long and short threshold settings
Color palettes

Details

Published by

vedkanani123 on GitHub

Code credit

LyroRS, as written in the script's header

Type

Indicator, Pine Script v6

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.

File

indicator/olg_7_6_26/LyroRS/13.txt

Repository

github.com/vedkanani123/shakuni_trap. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Length	`int`	`55`	`len`
Threshold Long	`int`	`10`	`Threshold_L_Fl`
Threshold Short	`int`	`15`	`Threshold_S_Fl`
Trend - Type 1	`bool`	`false`	`sigType1Enable`
Trend - Type 2	`bool`	`true`	`sigType2Enable`
Oversold / Overbought	`bool`	`true`	`sigType3Enable`
Custom Threshold L/S	`bool`	`false`	`sigType4Enable`
Custom Color Palette	`string`	`Mystic`	`ColMode`
Use Custom Palette	`bool`	`false`	`cpyn`
Custom Up	`color`	`#00ff00`	`cp_UpC`
Custom Down	`color`	`#ff0000`	`cp_DnC`

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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Pulse RSI

Add It to Your TradingView Chart

Source Code

Overview

Details

Published by

Code credit

Type

Draws

Category

Markets

Timeframes

Risk Notes

File

Repository

Settings

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