Indicator · Pine Script v6 · Own pane

RSI

by ForexCodes-hq

This Pine Script v6 indicator calculates and plots the standard Relative Strength Index (RSI) oscillator in a separate chart pane.

View on GitHub

GitHub stars1on the repository
Pine versionv6current
Lines of code14
Settings2inputs
LicenceMIT
Last update3 months ago7 Jul 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

14 lines of Pine Script v6 from examples/rsi.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

rsi.pine
//@version=6
// Validated by ForexCodes — Strategy Health Score 100/100 (code correctness only).
// A plain RSI indicator — namespaced built-ins, no repaint sinks, no look-ahead.
indicator("RSI", overlay = false)

length = input.int(14, "RSI Length", minval = 1)
src    = input.source(close, "Source")

myRsi = ta.rsi(src, length)

plot(myRsi, "RSI", color = color.blue)
hline(70, "Overbought", color = color.gray)
hline(50, "Midline", color = color.new(color.gray, 50))
hline(30, "Oversold", color = color.gray)

Overview

RSI computes momentum using a configurable input source and length parameter. The indicator plots the resulting RSI value alongside three fixed horizontal reference lines at levels 70, 50, and 30, corresponding to traditional overbought, midline, and oversold thresholds. Designed as a clean reference implementation, it avoids repainting and lookahead bias.

Details

Published by

ForexCodes-hq 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

algotradinglinterpine-scriptrepaintstatic-analysistradingview

Settings

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

SettingTypeDefaultVariable
RSI Lengthint14length
Sourcesourceclosesrc
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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