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
Single Conditions
This educational indicator calculates a 20-period Relative Strength Index (RSI) to demonstrate various visual debugging techniques in Pine Script.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code18
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 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
18 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-debugging-06.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Single conditions")
r = rsi(close, 20)
rIsLow = r < 30
hline(30)
// Method #1: Change the plot's color.
plot(r, "RSI", rIsLow ? color.fuchsia : color.black)
// Method #2: Plot a character in the bottom region of the display.
plotchar(rIsLow, "rIsLow char at bottom", "▲", location.bottom, size = size.small)
// Method #3: Plot a character on the RSI line.
plotchar(rIsLow ? r : na, "rIsLow char on line", "•", location.absolute, color.red, size = size.small)
// Method #4: Plot a shape in the top region of the display.
plotshape(rIsLow, "rIsLow shape", shape.arrowup, location.top)
// Method #5: Plot an arrow.
plotarrow(rIsLow ? 1 : na, "rIsLow arrow")
// Method #6: Change the background's color.
bgcolor(rIsLow ? color.green : na)
Overview
When the RSI falls below the 30 threshold, it illustrates six different signal visualization methods: dynamically changing plot colors, displaying shapes, plotting characters, drawing arrows, and highlighting the background color. It plots in a separate pane.
- 20-period RSI calculation
- Oversold condition detection below 30
- Dynamic plot color conditional styling
- Visual debugging shapes and arrows
- Background color highlighting
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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