by 
This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v6 · Own pane
Relative Strength Index
Calculates and plots the Relative Strength Index (RSI) oscillator in a separate pane with overbought and oversold visual fills.
GitHub stars1on the repository
Pine versionv6current
Lines of code138
Settings6inputs
LicenceNone stated
Last update1 year ago18 Jun 2025
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
Relative Strength Index includes an optional smoothing moving average supporting SMA, EMA, SMMA, WMA, VWMA, or SMA with Bollinger Bands. Additionally, it features an optional divergence calculation module to detect divergence between price action and momentum peaks. Settings allow configuring the RSI period, source price, smoothing type, length, and Bollinger Band standard deviation multiplier.
- Relative Strength Index oscillator calculation
- Configurable moving average smoothing overlay
- Optional Bollinger Bands around RSI moving average
- Overbought and oversold visual gradient fills
- Built-in divergence calculation option
Details
Published by
yagyesh-bobde on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsiLengthInput |
| Source | source | close | rsiSourceInput |
| Calculate Divergence | bool | false | calculateDivergence |
| Type | string | SMA | maTypeInput |
| Length | int | 14 | maLengthInput |
| BB StdDev | float | 2.0 | bbMultInput |
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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