This indicator plots a TTM Squeeze momentum oscillator in a separate pane. It compares a Bollinger Band offset to a Keltner Channel offset and marks the zero line white when the difference is non-negative and black when the bands are inside the channel. A line
Indicator · Pine Script v6 · Own pane
RSI Divergence (Close inside Band)
This indicator plots a standard Relative Strength Index calculated from closing prices alongside a dynamic volatility band derived from the high and low price RSIs.
GitHub stars7on the repository
Pine versionv6current
Lines of code41
Settings9inputs
LicenceNone statedfile: MPL-2.0
Last update3 months ago24 Jul 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
41 lines of Pine Script v6 from pinescript/volatility/rsi-divergence-v6.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0
//@version=6
indicator("RSI Divergence (Close inside Band) v6", overlay=false)
//──────────────────────────────────────────────────────────────────────────────
// Inputs
rsiLen = input.int(14, "RSI Length", minval=1)
lvlLow = input.float(20, "Level Low", minval=0, maxval=100)
lvlMid = input.float(50, "Level Mid", minval=0, maxval=100)
lvlHigh = input.float(80, "Level High", minval=0, maxval=100)
showBand = input.bool(true, "Show High/Low Band")
colClose = input.color(color.aqua, "RSI Close Color")
colBand = input.color(color.white, "Band Color")
wClose = input.int(1, "RSI Close Width", minval=1, maxval=5)
wBand = input.int(1, "Band Width", minval=1, maxval=5)
//──────────────────────────────────────────────────────────────────────────────
// RSI calculations
rsiClose = ta.rsi(close, rsiLen)
rsiHigh = ta.rsi(high, rsiLen)
rsiLow = ta.rsi(low, rsiLen)
// Band that ALWAYS contains RSI Close
rsiUpper = math.max(rsiHigh, math.max(rsiLow, rsiClose))
rsiLower = math.min(rsiHigh, math.min(rsiLow, rsiClose))
//──────────────────────────────────────────────────────────────────────────────
// Levels
hline(lvlLow, "Low", color=color.gray, linestyle=hline.style_dotted)
hline(lvlMid, "Mid", color=color.gray, linestyle=hline.style_dotted)
hline(lvlHigh, "High", color=color.gray, linestyle=hline.style_dotted)
//──────────────────────────────────────────────────────────────────────────────
// Plots
plot(rsiClose, title="RSI Close", color=colClose, linewidth=wClose)
plot(showBand ? rsiUpper : na, title="RSI Upper", color=colBand, linewidth=wBand)
plot(showBand ? rsiLower : na, title="RSI Lower", color=colBand, linewidth=wBand)
Overview
The upper and lower bands envelope the main RSI line to highlight intrabar price extremes relative to closing values. Users can configure the RSI calculation length, toggle the band display, adjust horizontal reference levels for oversold, mid, and overbought regions, and customize line visual properties. It draws entirely in a separate indicator pane below the price chart.
- RSI calculation using close, high, and low prices
- Dynamic upper and lower RSI boundary bands
- Configurable overbought, mid, and oversold reference levels
- Customizable colors, line widths, and visibility settings
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands
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 | rsiLen |
| Level Low | float | 20 | lvlLow |
| Level Mid | float | 50 | lvlMid |
| Level High | float | 80 | lvlHigh |
| Show High/Low Band | bool | true | showBand |
| RSI Close Color | color | color.aqua | colClose |
| Band Color | color | color.white | colBand |
| RSI Close Width | int | 1 | wClose |
| Band Width | int | 1 | wBand |
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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