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
SMR
This indicator calculates a triple-smoothed Relative Strength Index oscillator and displays it in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code20
Settings2inputs
LicenceNone stated
Last update3 years ago10 Nov 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
SMR evaluates momentum by applying the RSI calculation iteratively across three stages using a user-defined period. The script plots the resulting smoothed curve alongside fixed midpoint, overbought, and oversold horizontal reference levels. Users can adjust the smoothing calculation length and change the boundary gap offset from the center line. It provides visual oscillator tracking without built-in trading signals, alerts, or automated execution rules.
- Triple-smoothed Relative Strength Index calculation
- Configurable smoothing period input
- Adjustable overbought and oversold threshold gap
- Separate pane oscillator display with midpoint line
Details
Published by
JohnsonHsiao on GitHub
Type
Draws
Separate pane below the chart
Category
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 |
|---|---|---|---|
| smooth_rsi_period | int | 20 | rsi_period |
| gap | int | 10 | gap |
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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