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 v5 · Own pane
RS Function - Minkowski Distance
This indicator plots Minkowski distance values in a separate pane.
GitHub stars261on the repository
Pine versionv5runs as is
Lines of code39
Settings1inputs
LicenceNone stated
Last update4 years ago13 Nov 2021
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
A function measures distance between two points using exponent p, matching Manhattan distance when p is 1 and Euclidean distance when p is 2. It plots fixed sample distances for those cases and for the user-selected p. A fourth series measures distance from the current close and bar index to the most recent higher high over ten bars. Chebyshev distance is not implemented. The only setting changes p.
- Minkowski distance between two points
- Manhattan distance at p equals 1
- Euclidean distance at p equals 2
- Adjustable p input
- Distance to the recent higher high
Details
Published by
ricardosantos79 on GitHub
Type
Indicator, Pine Script v5
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| p | float | 1.0 | p |
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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