Indicator · Pine Script v6 · Own pane

Relative Strength Index (RSI)

by mihakralj

This indicator calculates the Relative Strength Index from a chosen price source using Wilder's smoothing of average gains and losses.

View on GitHub

GitHub stars99on the repository
Pine versionv6current
Lines of code36
Settings2inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

36 lines of Pine Script v6 from lib/momentum/rsi/rsi.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

rsi.pine
// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Relative Strength Index (RSI)", "RSI", overlay=false)

//@function Calculates Relative Strength Index using Wilder's smoothing
//@param src Source series to calculate RSI for
//@param len Lookback period for RSI calculation
//@returns RSI value measuring momentum and overbought/oversold conditions
rsi(series float src, simple int len) =>
    if len <= 0
        runtime.error("Length must be greater than 0")
    float u = math.max(src - src[1], 0)
    float d = math.max(src[1] - src, 0)
    float alpha = 1/len, float smoothUp = 0.0,  float smoothDown = 0.0
    if bar_index < len
        smoothUp := u
        smoothDown := d
    else
        smoothUp := nz(smoothUp[1]) * (1 - alpha) + u * alpha
        smoothDown := nz(smoothDown[1]) * (1 - alpha) + d * alpha
    float rs = smoothDown == 0 ? 0 : smoothUp/smoothDown
    float rsi = smoothDown == 0 ? 100 : 100 - (100 / (1 + rs))
    rsi

// ---------- Main loop ----------

// Inputs
i_length = input.int(14, "Length", minval=1)
i_source = input.source(close, "Source")

// Calculation
rsi_value = rsi(i_source, i_length)

// Plot
plot(rsi_value, "RSI", color=color.yellow, linewidth=2)

Overview

Relative Strength Index (RSI) plots a single RSI line in a separate pane. The length sets the lookback period and the source selects the series used in the calculation. The function rejects a non-positive length. It does not draw overbought or oversold levels and does not generate trade entries or exits.

Details

Published by

mihakralj 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.

Topics

algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators

Settings

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

SettingTypeDefaultVariable
Lengthint14i_length
Sourcesourceclosei_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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