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 v5 · Own pane
RSI & Stochastic
The script plots the Relative Strength Index and Stochastic oscillator indicators in separate panes.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code68
Settings10inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago20 Apr 2022
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
68 lines of Pine Script v5 from sto & rsi.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// RSI & Stochastic. Same as the built-in scripts with changing color when overbought or oversold.
//@version=5
indicator(title="RSI & Stochastic", shorttitle="RSI & Sto", format=format.price, precision=2, timeframe="", timeframe_gaps=true)
///////////////
// RSI
gRSI = "RSI Settings"
gRSIMA = "RSI MA Settings"
showRSI = input(true, title="Show RSI", group=gRSI)
ma(source, length, type) =>
switch type
"SMA" => ta.sma(source, length)
"Bollinger Bands" => ta.sma(source, length)
"EMA" => ta.ema(source, length)
"SMMA (RMA)" => ta.rma(source, length)
"WMA" => ta.wma(source, length)
"VWMA" => ta.vwma(source, length)
rsiLengthInput = input.int(14, minval=1, title="RSI Length", group=gRSI)
rsiSourceInput = input.source(close, "Source", group=gRSI)
maTypeInput = input.string("SMA", title="MA Type", options=["SMA", "Bollinger Bands", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group=gRSIMA)
maLengthInput = input.int(14, title="MA Length", group=gRSIMA)
bbMultInput = input.float(2.0, minval=0.001, maxval=50, title="BB StdDev", group=gRSIMA)
up = ta.rma(math.max(ta.change(rsiSourceInput), 0), rsiLengthInput)
down = ta.rma(-math.min(ta.change(rsiSourceInput), 0), rsiLengthInput)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
rsiMA = ma(rsi, maLengthInput, maTypeInput)
isBB = maTypeInput == "Bollinger Bands" and showRSI
rsiColor = rsi > 70 or rsi < 30 ? color.yellow : color.purple
plot(showRSI ? rsi : na, "RSI", color=rsiColor, linewidth=2)
plot(showRSI ? rsiMA : na, "RSI-based MA", color=color.gray)
rsiUpperBand = hline(showRSI ? 70 : na, "RSI Upper Band", color=#787B86)
hline(50, "RSI Middle Band", color=color.new(#787B86, 50))
rsiLowerBand = hline(showRSI ? 30 : na, "RSI Lower Band", color=#787B86)
fill(rsiUpperBand, rsiLowerBand, color=color.rgb(126, 87, 194, 95), title="RSI Background")
bbUpperBand = plot(isBB ? rsiMA + ta.stdev(rsi, maLengthInput) * bbMultInput : na, title = "Upper Bollinger Band", color=color.green)
bbLowerBand = plot(isBB ? rsiMA - ta.stdev(rsi, maLengthInput) * bbMultInput : na, title = "Lower Bollinger Band", color=color.green)
fill(bbUpperBand, bbLowerBand, color= isBB ? color.new(color.green, 95) : na, title="Bollinger Bands Background")
///////////////
// Stochastic
gSto = "Stochastic Settings"
showSto = input(true, title="Show Stochastic", group=gSto)
periodK = input.int(14, title="%K Length", minval=1, group=gSto)
smoothK = input.int(1, title="%K Smoothing", minval=1, group=gSto)
periodD = input.int(3, title="%D Smoothing", minval=1, group=gSto)
k = ta.sma(ta.stoch(close, high, low, periodK), smoothK)
d = ta.sma(k, periodD)
stoColor = k > 80 or k < 20 ? color.orange : color.blue
plot(showSto ? k : na, title="%K", color=stoColor)
plot(showSto ? d : na, title="%D", color=color.gray)
h0 = hline(showSto ? 80 : na, "Stochastic Upper Band", color=#787B86)
h1 = hline(showSto ? 20 : na, "Stochastic Lower Band", color=#787B86)
fill(h0, h1, color=color.rgb(33, 150, 243, 95), title="Stochastic Background")
Overview
RSI & Stochastic calculates the RSI with customizable length, source, and MA type including Bollinger Bands, and the Stochastic oscillator with %K and %D periods. It draws overbought and oversold levels at 70/30 for RSI and 80/20 for Stochastic, along with background fills. The main settings change the lengths and MA type for RSI as well as the smoothing periods for Stochastic. It signals overbought conditions above 70 or 80 and oversold below 30 or 20. No entry or exit rules exist since it is an indicator only. It draws on the price chart without repainting or lookahead.
- RSI oscillator
- Stochastic oscillator
- Bollinger Bands on RSI
- overbought oversold levels
- customizable periods
Details
Published by
tkittich on GitHub
Type
Indicator, Pine Script v5
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.
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show RSI | bool | true | showRSI |
| RSI Length | int | 14 | rsiLengthInput |
| Source | source | close | rsiSourceInput |
| MA Type | string | SMA | maTypeInput |
| MA Length | int | 14 | maLengthInput |
| BB StdDev | float | 2.0 | bbMultInput |
| Show Stochastic | bool | true | showSto |
| %K Length | int | 14 | periodK |
| %K Smoothing | int | 1 | smoothK |
| %D Smoothing | int | 3 | periodD |
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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