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
Stochastic RSI
This indicator calculates the standard Stochastic RSI oscillator and displays it in a separate pane.
GitHub stars9on the repository
Pine versionv4older, still runs
Lines of code25
Settings5inputs
LicenceMIT
Last update3 years ago27 Nov 2022
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
25 lines of Pine Script v4 from TradingView Default Scripts/Stochastic RSI (Stoch RSI).pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// Copyright (c) 2021 André Eduardo Pérez Álvarez
//
// This software is released under the MIT License.
// https://opensource.org/licenses/MIT
// @version=4
study(title="Stochastic RSI", shorttitle="Stoch RSI", format=format.price, precision=2, resolution="")
lengthStoch = input(14, "Stochastic Length", minval=1)
lengthRSI = input(14, "RSI Length", minval=1)
smoothK = input(3, "K", minval=1)
smoothD = input(3, "D", minval=1)
src = input(close, title="RSI Source")
rsi1 = rsi(src, lengthRSI)
k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK)
d = sma(k, smoothD)
plot(k, "K", color=#0094FF)
plot(d, "D", color=#FF6A00)
h0 = hline(80, "Upper Band", color=#606060)
h1 = hline(20, "Lower Band", color=#606060)
fill(h0, h1, color=#9915FF, transp=80, title="Background")
Overview
Stochastic RSI computes a Relative Strength Index from the selected source price, applies the stochastic formula to the RSI values over a chosen lookback period, and smooths the results into %K and %D lines using simple moving averages. Horizontal threshold lines mark the 80 upper band and 20 lower band with a shaded background between them. It does not generate automated trade signals.
- Stochastic oscillator applied directly to RSI values
- Configurable RSI and Stochastic lookback lengths
- Dual smoothed %K and %D line plots
- Visual overbought and oversold reference bands
Details
Published by
andreperez on GitHub
Code credit
André Eduardo Pérez Álvarez, 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
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.
Repository
Topics
indicatorpinescriptpinescript-indicatorsstochastic-volatility-modelstechnical-analysistradingtradingviewtradingview-pine-scriptsstock
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stochastic Length | int | 14 | lengthStoch |
| RSI Length | int | 14 | lengthRSI |
| K | int | 3 | smoothK |
| D | int | 3 | smoothD |
| RSI Source | source | close | src |
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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