This indicator scans multiple tickers simultaneously to detect regular bullish and bearish MACD divergences filtered by long-term trend direction (150 EMA versus 600 EMA). It evaluates pivot highs and lows in the MACD line against price action across configura
Indicator · Pine Script v5 · On the chart
RSI Price Action
This indicator calculates a 14-period RSI and marks overbought and oversold conditions directly on the price chart, using labels on candles, shaded background zones and an optional RSI line.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code300
Settings24inputs
LicenceNone stated
Last update1 year ago11 Oct 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
RSI Price Action can show the current RSI value, print RSI values at set bar intervals, and display a statistics table. Overbought and oversold levels default to 70 and 30. Optional divergence detection and alert conditions for entering and leaving extreme zones are included. Label size, style and colours are adjustable.
- Overbought and oversold labels on price candles
- Background zones and optional RSI line
- Optional divergence detection
- Alerts for zone entry and exit
- Optional RSI statistics table
Details
Published by
feliperazeek on GitHub
Type
Indicator, Pine Script v5
Draws
On the price 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 Period | int | 14 | rsiLength |
| RSI Source | source | close | rsiSource |
| RSI Overbought Level | int | 70 | rsiOverbought |
| RSI Oversold Level | int | 30 | rsiOversold |
| Show Price Action Labels | bool | true | showLabels |
| Show Background Zones | bool | true | showBackground |
| Show RSI Line on Chart | bool | false | showRsiLine |
| Show Current RSI Value | bool | true | showRsiValue |
| Label Size | string | Tiny | labelSize |
| Label Style | string | Arrow | labelStyle |
| Label Transparency | int | 80 | labelTransparency |
| Overbought Color | color | color.red | overboughtColor |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Oversold Color | color | color.green | oversoldColor |
| RSI Line Color | color | color.blue | rsiLineColor |
| Enable Divergence Detection | bool | false | enableDivergence |
| Divergence Lookback Period | int | 20 | divergenceLookback |
| Minimum Divergence Strength | float | 0.5 | minDivergenceStrength |
| Enable Alerts | bool | true | enableAlerts |
| Alert on Entry (Overbought/Oversold) | bool | true | alertOnEntry |
| Alert on Exit (RSI Returns to Normal) | bool | true | alertOnExit |
| Show Periodic RSI Scores | bool | true | showPeriodicRSI |
| RSI Display Interval (bars) | int | 20 | rsiDisplayInterval |
| Show RSI Level Lines | bool | false | showLevelLines |
| Show RSI Statistics Table | bool | false | showStatsTable |
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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