by 
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 v6 · Own pane
Relative Momentum Index
The Relative Momentum Index (RMI) is a momentum oscillator calculated in a separate pane.
GitHub stars3on the repository
Pine versionv6current
Lines of code26
Settings4inputs
LicenceMIT
Last update2 weeks ago10 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
26 lines of Pine Script v6 from indicators/relative-momentum-index.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("Relative Momentum Index", "RMI", overlay = false)
length = input.int(14, "Length", minval = 1)
momentumLength = input.int(3, "Momentum Length", minval = 1)
highlightBreakouts = input.bool(true, "Highlight Overbought/Oversold Breakouts")
source = input.source(close, "Source")
up = ta.rma(math.max(ta.change(source, momentumLength), 0), length)
down = ta.rma(-math.min(ta.change(source, momentumLength), 0), length)
rmi = down == 0 ? 100 : up == 0 ? 0 : 100 - 100 / (1 + up / down)
overbought = 70
oversold = 30
transparent = color.new(color.white, 100)
plot(rmi, "RMI", rmi > overbought ? #48ff00 : rmi < oversold ? #ff0000 : #000000, 2)
maxLevel = hline(100, "Max Level", transparent, hline.style_dotted)
overboughtLevel = hline(overbought, "Overbought Level", linestyle = hline.style_dotted)
hline(50, "Middle Level", linestyle = hline.style_dotted)
oversoldLevel = hline(oversold, "Oversold Level", linestyle = hline.style_dotted)
minLevel = hline(0, "Min Level", transparent, hline.style_dotted)
fill(overboughtLevel, oversoldLevel, color.new(color.purple, 95))
fill(maxLevel, overboughtLevel, rmi > overbought and highlightBreakouts ? color.new(color.green, 90) : transparent)
fill(minLevel, oversoldLevel, rmi < oversold and highlightBreakouts ? color.new(color.red, 90) : transparent)
Overview
Relative Momentum Index modifies the standard RSI formula by evaluating price changes relative to a specified momentum lookback period rather than consecutive bars. The script plots the RMI oscillator line alongside fixed overbought (70), middle (50), and oversold (30) threshold levels. Users can adjust the smoothing length, momentum lookback distance, source price, and optionally toggle background fill highlights when the indicator enters overbought or oversold territories.
- Relative momentum index calculation
- Adjustable momentum lookback length
- Overbought and oversold threshold levels
- Optional breakout highlight fills
Details
Published by
AkashSasikumar47 on GitHub
Type
Indicator, Pine Script v6
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
Topics
pine-scriptpinescript-v6technical-analysistrading-indicatorstradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 14 | length |
| Momentum Length | int | 3 | momentumLength |
| Highlight Overbought/Oversold Breakouts | bool | true | highlightBreakouts |
| Source | source | close | source |
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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