This indicator scans a pasted list of symbols for RSI directional momentum and shows matching long and short signals in a table in a separate pane. The user chooses continuous break, continuous retracement, flip break, flip retracement, divergence, or hidden d
Indicator · Pine Script v4 · Own pane
Tables-003 Oscillator Distribution
This indicator plots the RSI oscillator on the main chart and displays its value distribution in a table positioned at the top right.
GitHub stars261on the repository
Pine versionv4older, still runs
Lines of code43
Settings3inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago13 Nov 2021
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
43 lines of Pine Script v4 from beta/tables/tables-003-oscilator_distribution.pinescript, 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/
// © RicardoSantos
//@version=4
study(title="tables-003-oscilator_distribution")
float rsi_src = input(close)
int rsi_length = input(14)
float rsi = rsi(rsi_src, rsi_length)
hline(0)
hline(50)
hline(100)
plot(rsi)
color c_tb_bg = color.new(color.black, 100)
float i_cl_height = input(0.5)
var int[] distribution = array.new_int(100, 0)
var T = table.new(position=position.top_right,
rows=100, columns=100, bgcolor=c_tb_bg,
frame_color=color.black, frame_width=0,
border_color=color.black, border_width=0)
if bar_index > rsi_length
int _rsi_index = round(rsi)
array.set(distribution, _rsi_index, array.get(distribution, _rsi_index) + 1)
int _total = array.sum(distribution)
for _r = 0 to 99
for _c = 0 to 99
int _dist_value = round(array.get(distribution, _r) / _total * 100)
if _c > _dist_value
table.cell(table_id=T,
column=99-_c, row=99-_r, text='',
width=0.0, height=i_cl_height,
text_color=color.white, text_halign=text.align_center, bgcolor=c_tb_bg)
else
table.cell(table_id=T,
column=99-_c, row=99-_r, text='',
width=1.0, height=i_cl_height,
text_color=color.white, text_halign=text.align_center, bgcolor=color.blue)
Overview
The script calculates the relative strength index using the input source and length, then plots horizontal lines at 0, 50, and 100. It maintains an array to track the frequency of each RSI value encountered on bars after the length period. A table is updated each bar to show the proportional distribution of RSI values, with blue cells indicating higher counts and white cells for lower ones. The table height can be adjusted via input. It draws on the price chart with the RSI plot and the distribution table. This is a visual tool for observing RSI value frequencies over time, without any buy or sell signals or exit rules.
- RSI Distribution Table
- Dynamic Histogram
- RSI Oscillator
- Table Visualization
- RSI Tracker
Details
Published by
ricardosantos79 on GitHub
Code credit
RicardoSantos, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Screeners & dashboards
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 |
|---|---|---|---|
| rsi_src | source | close | rsi_src |
| rsi_length | int | 14 | rsi_length |
| i_cl_height | float | 0.5 | i_cl_height |
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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