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 v4 · Own pane
RSTRsi
This indicator calculates and plots two Relative Strength Index (RSI) lines in an oscillator pane alongside standard reference bands at 30, 50, and 70.
Repaints
GitHub stars43on the repository
Pine versionv4older, still runs
Lines of code41
Settings6inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago2 Jul 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
41 lines of Pine Script v4 from scripts/RST_Rsi.txt, 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/
// © mrx_the_unknown
//@version=4
study("RSTRsi", shorttitle="RSTRsi")
sep0 = input(true, "Information: On 3min timeframe RSI 2 gets overwritten by RSI with a length of 2 on the 10min timeframe")
sep1 = input(true, "Information: On 15min timeframe RSI 2 gets overwritten by RSI with a length of 2 on the 60min timeframe")
rsi1Show = input(true, title="RSI 1 Show?")
rsi2Show = input(true, title="RSI 2 Show?")
rsi1Len = input(title="RSI 1 Length", type=input.integer, defval=2)
rsi2Len = input(title="RSI 2 Length", type=input.integer, defval=10)
rsiSrc = close
rsiLower = 30
rsiUpper = 70
var float rsi1 = na
var float rsi2 = na
rsi2_15min =security(syminfo.tickerid, "60", rsi(rsiSrc, 2), barmerge.gaps_off, barmerge.lookahead_on)
rsi2_3min = security(syminfo.tickerid, "10", rsi(rsiSrc, 2), barmerge.gaps_off, barmerge.lookahead_on)
if (timeframe.period == "15")
rsi1 := rsi(rsiSrc, rsi1Len)
rsi2 := rsi2_15min
else if (timeframe.period == "3")
rsi1 := rsi(rsiSrc, rsi1Len)
rsi2 := rsi2_3min
else if (timeframe.isintraday or timeframe.isdaily)
rsi1 := rsi(rsiSrc, rsi1Len)
rsi2 := rsi(rsiSrc, rsi2Len)
plot(rsi1Show ? rsi1 : na, title="RSI1", linewidth=1, color=color.white, transp=0)
plot(rsi2Show ? rsi2 : na, title="RSI2", linewidth=2, color=color.aqua, transp=0)
hline(50, title="Middle Level", linestyle=hline.style_dotted)
rsiLowerPlot = hline(rsiLower, title="RsiLower", linestyle=hline.style_dashed)
rsiUpperPlot = hline(rsiUpper, title="RsiUpper", linestyle=hline.style_dashed)
fill(rsiLowerPlot, rsiUpperPlot, color=#9915ff, transp=90)
Overview
By default, it plots a short-period RSI and a secondary RSI. On the 3-minute and 15-minute chart intervals, the secondary RSI is overridden with higher-timeframe data from the 10-minute and 60-minute charts, respectively. Notably, the security calls use lookahead enabled without bar offsets, causing historical repainting on those specific intervals.
- Dual Relative Strength Index oscillator display
- Automated higher-timeframe RSI replacement for 3m and 15m charts
- Overbought, oversold, and midpoint reference levels
- Configurable RSI lengths and plot visibility toggles
Details
Published by
readysetcryptocodes on GitHub
Code credit
mrx_the_unknown, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Information: On 3min timeframe RSI 2 gets overwritten by RSI with a length of 2 on the 10min timeframe | bool | true | sep0 |
| Information: On 15min timeframe RSI 2 gets overwritten by RSI with a length of 2 on the 60min timeframe | bool | true | sep1 |
| RSI 1 Show? | bool | true | rsi1Show |
| RSI 2 Show? | bool | true | rsi2Show |
| RSI 1 Length | int | 2 | rsi1Len |
| RSI 2 Length | int | 10 | rsi2Len |
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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