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 v4 · Own pane
RSI
This script calculates the Relative Strength Index (RSI) and plots it in a separate pane with enhanced visual styling options.
GitHub stars75on the repository
Pine versionv4older, still runs
Lines of code28
Settings4inputs
LicenceGPL-3.0
Last update3 years ago17 Mar 2023
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
28 lines of Pine Script v4 from pretty_rsi.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// Classic RSI with more style config options
//@version=4
study("RSI")
// RSI Inputs
src = input(close, "Source", type = input.source)
len = input(14, minval=1, title="Length")
os = input(30, minval=1, title="Oversold")
ob = input(70, minval=1, title="Overbought")
// RSI Code
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
band1 = hline(ob, "Upper Band", color=#C0C0C0)
band5 = hline(50, "Mid Band", color=#C0C0C0)
bandHM = hline (55, "High Mid", color=#C0C0C0)
bandLM = hline(45, "Low Mid", color=#C0C0C0)
band0 = hline(os, "Lower Band", color=#C0C0C0)
bandMax = hline(100, "Max Band", color=#C0C0C0)
bandMin = hline(0, "Min Band", color=#C0C0C0)
//fill(band1, band0, color=#9915FF, transp=90, title="Background")
fill(bandMax, band1, color=#C0C0C0, transp=90, title="Top")
fill(bandMin, band0, color=#C0C0C0, transp=90, title="Bottom")
fill(bandLM, bandHM, color=#C0C0C0, transp=90, title="Mid")
fill(band1, band0, color=#C0C0C0, transp=90, title="Inner Band")
plot(rsi, color=(rsi > ob or rsi < os ? color.red : (rsi > 50 and rsi[1] < 50) or (rsi < 50 and rsi[1] > 50) ? color.blue : color.black), transp=0)
Overview
RSI draws horizontal reference lines for overbought, oversold, median, and extreme boundaries, along with background fills between these levels. The RSI line dynamically changes color, highlighting extreme momentum conditions in red when exceeding overbought or oversold limits, and turning blue when crossing the center line. Users can adjust the input source, calculation length, and overbought or oversold threshold values.
- Dynamic line coloring for overbought, oversold, and center crossovers
- Custom horizontal reference levels and background fills
- Configurable RSI length and threshold settings
Details
Published by
cryptorife on GitHub
Type
Indicator, Pine Script v4
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Length | int | 14 | len |
| Oversold | int | 30 | os |
| Overbought | int | 70 | ob |
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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