by 
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 v5 · Own pane
RSI Superstack
RSI Superstack plots the relative strength index from three user-selected timeframes in a separate pane.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code46
Settings6inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago13 Sep 2024
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
46 lines of Pine Script v5 from advanced-pine-script/6.Timeframes-And-Markets/8.RSI-Superstack-Indicator.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=5
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
indicator(title="RSI Superstack")
// Get user input
rsiLength = input(title="RSI Length", defval=14)
rsiOB = input.float(title="RSI Overbought", defval=70)
rsiOS = input.float(title="RSI Oversold", defval=30)
timeframe1 = input.timeframe(title="Timeframe #1", defval="15")
timeframe2 = input.timeframe(title="Timeframe #2", defval="60")
timeframe3 = input.timeframe(title="Timeframe #3", defval="240")
// Declare custom security function
f_sec(_market, _res, _exp) => request.security(_market, _res, _exp[barstate.isrealtime ? 1 : 0])[barstate.isrealtime ? 0 : 1]
// Get RSI on all timeframes
rsi_timeframe1 = f_sec(syminfo.tickerid, timeframe1, ta.rsi(close, rsiLength))
rsi_timeframe2 = f_sec(syminfo.tickerid, timeframe2, ta.rsi(close, rsiLength))
rsi_timeframe3 = f_sec(syminfo.tickerid, timeframe3, ta.rsi(close, rsiLength))
// Check OB levels
rsi_ob1 = rsi_timeframe1 >= rsiOB
rsi_ob2 = rsi_timeframe2 >= rsiOB
rsi_ob3 = rsi_timeframe3 >= rsiOB
// Check OS levels
rsi_os1 = rsi_timeframe1 <= rsiOS
rsi_os2 = rsi_timeframe2 <= rsiOS
rsi_os3 = rsi_timeframe3 <= rsiOS
// Plot RSIs
plot(rsi_timeframe1, color=rsi_ob1 or rsi_os1 ? color.purple : color.green, title="RSI Timeframe #1")
plot(rsi_timeframe2, color=rsi_ob2 or rsi_os2 ? color.purple : color.red, title="RSI Timeframe #2")
plot(rsi_timeframe3, color=rsi_ob3 or rsi_os3 ? color.purple : color.orange, title="RSI Timeframe #3")
hline(rsiOB, color=color.gray, title="RSI Overbought")
hline(rsiOS, color=color.gray, title="RSI Oversold")
hline(50, color=color.new(color.gray,50), title="RSI Midpoint")
// Change color based on superstack condition
obTrigger = rsi_ob1 and rsi_ob2 and rsi_ob3
osTrigger = rsi_os1 and rsi_os2 and rsi_os3
bgcolor(obTrigger ? color.red : osTrigger ? color.green : na, title="RSI Trigger")
// Trigger alert
alertcondition(obTrigger or osTrigger, title="RSI Superstack Alert", message="{{ticker}} has 3 RSI values at extreme levels!")
Overview
Each series uses the same RSI length and turns purple when it reaches the overbought or oversold threshold. A red background marks when all three readings are overbought, and a green background marks when all three are oversold. Horizontal lines show those thresholds and a midpoint at 50. An alert fires when either stacked extreme occurs. The script does not place trades or define exits.
- Three RSI plots on selectable timeframes
- Adjustable RSI length and extreme levels
- Background color when all three RSIs agree
- Alert on stacked overbought or oversold readings
- Horizontal overbought, oversold, and midpoint lines
Details
Published by
Web3Degenerate on GitHub
Type
Indicator, Pine Script v5
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.
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 | rsiLength |
| RSI Overbought | float | 70 | rsiOB |
| RSI Oversold | float | 30 | rsiOS |
| Timeframe #1 | timeframe | 15 | timeframe1 |
| Timeframe #2 | timeframe | 60 | timeframe2 |
| Timeframe #3 | timeframe | 240 | timeframe3 |
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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