Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA. The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable th
Indicator · Pine Script v5 · Own pane
RSI
This indicator calculates the Relative Strength Index along with a 200-period simple moving average.
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code23
Settings4inputs
LicenceMIT
Last update5 days ago23 Oct 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
23 lines of Pine Script v5 from strategies/ai-rsi.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// Source: TradingView Built-in Indicator (RSI)
// Attribution: Standard RSI implementation matching TradingView's built-in indicator
// Used as input for AI-powered strategy conversion
//@version=5
indicator("RSI", overlay=false)
rsiLength = input.int(14, "RSI Length", minval=1)
smaLength = input.int(200, "SMA Length", minval=1)
overbought = input.int(70, "Overbought Level")
oversold = input.int(30, "Oversold Level")
rsiValue = ta.rsi(close, rsiLength)
smaValue = ta.sma(close, smaLength)
plot(rsiValue, color=color.purple, title="RSI")
hline(overbought, "Overbought", color=color.red, linestyle=hline.style_dotted)
hline(oversold, "Oversold", color=color.green, linestyle=hline.style_dotted)
Additional instructions:
- This strategy uses RSI as a mean-reversion signal FILTERED by trend direction. Only buy oversold dips in an uptrend.
- The 200-period SMA acts as a trend filter — no entries when price is below it.
- The strategy enters/exits on the next candle open after the condition is met.
Overview
RSI plots the RSI oscillator line alongside horizontal reference levels for overbought and oversold thresholds in a separate pane below the main price chart. Configurable inputs allow adjustments to the RSI calculation period, SMA length, and threshold levels. As a pure indicator implementation designed for conversion into automated strategies, it does not display the calculated moving average, generate trade signals, or include position management rules.
- Relative Strength Index plot
- Configurable overbought and oversold levels
- Simple moving average calculation
- Separate pane oscillator display
Details
Published by
trsdn on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Mean reversion
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
ai-scrumalgorithmic-tradingbacktestingbitcoinbollinger-bandscryptopine-scriptpythonquantitative-financestrategy
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 |
| SMA Length | int | 200 | smaLength |
| Overbought Level | int | 70 | overbought |
| Oversold Level | int | 30 | oversold |
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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