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
UCS Stochastic Momentum Index
This indicator calculates a stochastic momentum reading in a separate pane.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code582
Settings18inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago2 Mar 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
582 lines of Pine Script v4 from 080422/trade_bck_2.pine, 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/
// © amico5
// # ========================================================================= #
// # script overview
// # ========================================================================= #
// # ========================================================================= #
// 1. simple test case for alerts.
// 2. two alerts: long only basic, long only extended
// 3. further buy, if there is alert on index, fut.
// 4. all alert cond, must be monitored to buy.
// 5. watch not to buy multiple times on the same subscript.
// 6. backtesting needed.
// 7. test on sandbox broker needed.
// 8. test 3 commodities.
// # ========================================================================= #
// # ========================================================================= #
// # script structure
// # ========================================================================= #
// # ========================================================================= #
// 1. overview
// 2. structure
// 3. main script version number (should b ver' 4. after tested, will b moved to ver' 5)
// 4. main script's: study / inducator (must have only one for all the script)
// 5. sub indicators numbers
// 6. sub indicators title
// 7. input variables
// 8. CALCULATIONS
// 9. plots Entry
// 10. trade definition (for the specific indicator)
// 11. compounding trade definitions (for the indicators, so far)
// 12. alerts Conditions (for the specific indicator)
// 13. compounding alerts Conditions (for the comulative, so far)
// # ========================================================================= #
// # ========================================================================= #
// # main script version number
// # ========================================================================= #
//@version=4
// # ========================================================================= #
// # main script's: study / inducator (must have only one for all the script)
// # ========================================================================= #
// indicator('one_indicator_UCS_Stochastic Momentum Index', shorttitle='oneindicator_UCS_SMI', overlay=false)
study ('one_indicator_UCS_Stochastic Momentum Index', shorttitle='oneindicator_UCS_SMI', overlay=false)
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
// # ========================================================================= #
// # sub indicators numbers
// # ========================================================================= #
// --first indicator-- //
// # ========================================================================= #
// input variables
// # ========================================================================= #
one_a = input(5, 'Percent K Length')
one_b = input(3, 'Percent D Length')
// # ========================================================================= #
// Range Calculation
// # ========================================================================= #
one_ll = lowest(low, one_a)
one_hh = highest(high, one_a)
one_diff = one_hh - one_ll
one_rdiff = close - (one_hh + one_ll) / 2
// # ========================================================================= #
// Nested Moving Average for smoother curves
// # ========================================================================= #
one_avgrel = ema(ema(one_rdiff, one_b), one_b)
one_avgdiff = ema(ema(one_diff, one_b), one_b)
// # ========================================================================= #
// SMI calculations
// # ========================================================================= #
one_SMI = one_avgdiff != 0 ? one_avgrel / (one_avgdiff / 2) * 100 : 0
one_SMIsignal = ema(one_SMI, one_b)
// # ========================================================================= #
// ob, os, zeroline calc
// # ========================================================================= #
one_ob = 40
one_os = -40
one_zeroline = 0
// # ========================================================================= #
// All PLOTS
// # ========================================================================= #
plot(one_SMI, title='Stochastic Momentum Index')
plot(one_SMIsignal, color=color.new(#FF0000, 0), title='SMI Signal Line')
one_ob_plot = plot(40, color=color.new(#FFCDD2, 0), title='one_Over_Bought_plot')
one_os_plot = plot(-40, color=color.new(#008000, 0), title='one_Over_Sold_plot')
one_zeroline_plot = plot(0, color=color.new(#0094ff, 0), title='one_Zero_Line_plot')
// # ========================================================================= #
// trade definition (for the specific indicator)
// # ========================================================================= #
one_Buy_5 = one_SMI > one_os
one_Sell_5 = one_SMI < one_ob
one_Buy_7_maybe = one_SMI > one_SMIsignal
one_Sell_7_maybe = one_SMI < one_SMIsignal
one_SMI_stat_less_zero = one_SMI < one_zeroline // buy
one_SMI_stat_above_zero = one_SMI > one_zeroline // sell
// # ========================================================================= #
// compounding trade definitions (for the indicators, so far)
// # ========================================================================= #
one_compoundAlertBuyExtraZero = one_Buy_5 and one_Buy_7_maybe and one_SMI_stat_less_zero
one_compoundAlertSellExtraZero = one_Sell_5 and one_Sell_7_maybe and one_SMI_stat_above_zero
// # ========================================================================= #
// alerts Conditions (for the specific indicator)
// # ========================================================================= #
// # ========================================================================= #
// compound alerts condition
// # ========================================================================= #
alertcondition (one_compoundAlertBuyExtraZero, title= "one_compoundAlertBuyExtraZero", message ="one_compoundAlertBuyExtraZero")
alertcondition (one_compoundAlertSellExtraZero, title= "one_compoundAlertSellExtraZero", message ="one_compoundAlertSellExtraZero")
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
// # ========================================================================= #
// # sub indicator number
// # ========================================================================= #
// --second indicator-- //
// # ========================================================================= #
// # indicator title
// # ========================================================================= #
// Overbought oversold
// # ========================================================================= #
// input variables
// # ========================================================================= #
two_n = input(5, title="Length")
two_Barcolor=input(true,title="Barcolor")
two_ys1 = (high + low + close * 2) / 4
two_rk3 = ema(two_ys1, two_n)
two_rk4 = stdev(two_ys1, two_n)
two_rk5 = (two_ys1 - two_rk3) * 100 / two_rk4
two_rk6 = ema(two_rk5, two_n)
two_up = ema(two_rk6, two_n)
two_down = ema(two_up, two_n)
two_Oo = iff(two_up < two_down, two_up, two_down)
two_Hh = two_Oo
two_Ll = iff(two_up < two_down, two_down, two_up)
two_Cc = two_Ll
// # ========================================================================= #
// PLOTS
// # ========================================================================= #
two_b_color = iff(two_Oo[1] < two_Oo and two_Cc < two_Cc[1], #FFFF00, iff(two_up > two_down, #008000, #FF0000))
barcolor(two_Barcolor ? two_b_color : na)
hline(0)
plot(two_Oo, style=plot.style_histogram, color=two_b_color)
plot(two_Ll, style=plot.style_histogram, color=two_b_color)
plot(two_up, color=two_b_color,title="Up")
plot(two_down, color=two_b_color,title="Down")
// # ========================================================================= #
// trade definition (for the specific indicator)
// # ========================================================================= #
two_Buy = two_up > two_down
two_Sell = two_up < two_down
// # ========================================================================= #
// Compound Trade Definition (for the specific indicator)
// # ========================================================================= #
two_compoundAlertBuy = one_Buy_5 and one_Buy_7_maybe and one_SMI_stat_less_zero and two_Buy
two_compoundAlertSell = one_Sell_5 and one_Sell_7_maybe and one_SMI_stat_above_zero and two_Sell
// # ========================================================================= #
// plot alerts
// # ========================================================================= #
plotshape(two_Buy, title="two_Buy", color=#008000, style=shape.triangleup, location=location.bottom, text="two_Buy",size=size.tiny)
plotshape(two_Sell, title="two_Sell", color=#FF0000, style=shape.triangledown, location=location.top, text="two_Sell",size=size.tiny)
// # ========================================================================= #
// alerts condition
// # ========================================================================= #
// # ========================================================================= #
// compound alerts condition
// # ========================================================================= #
alertcondition (two_compoundAlertBuy, title= "two_compoundAlertBuy", message ="two_ocompoundAlertBuy")
alertcondition (two_compoundAlertSell, title= "two_compoundAlertSell", message ="wo_compoundAlertSell")
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
// # ========================================================================= #
// # sub indicator number
// # ========================================================================= #
// --third indicator-- //
// # ========================================================================= #
// # indicator title
// # ========================================================================= #
// wt_lb
// # ========================================================================= #
// input variables
// # ========================================================================= #
three_n1 = input(10, "three_Channel Length")
three_n2 = input(21, "three_Average Length")
three_obLevel1 = input(60, "three_Over Bought Level 1")
three_obLevel2 = input(53, "three_Over Bought Level 2")
three_osLevel1 = input(-60, "three_Over Sold Level 1")
three_osLevel2 = input(-53, "three_Over Sold Level 2")
// # ========================================================================= #
// Calculation
// # ========================================================================= #
three_ap = hlc3
three_esa = ema(three_ap, three_n1)
three_d = ema(abs(three_ap - three_esa), three_n1)
three_ci = (three_ap - three_esa) / (0.015 * three_d)
three_tci = ema(three_ci, three_n2)
three_wt1 = three_tci
three_wt2 = sma(three_wt1,4)
// # ========================================================================= #
// PLOTS
// # ========================================================================= #
plot(0, color=#7b8da6)
three_p55 = plot(three_obLevel1, color=#ff2c55)
three_p5 = plot(three_osLevel1, color=#99cc33)
three_p555 = plot(three_obLevel2, color=#f49f0a, style=3)
three_p7 = plot(three_osLevel2, color= #ba9588, style=3)
three_shortrig = plot(three_wt1, color=#6b5d52, title="three_shortrig")
three_longsig = plot(three_wt2, color= #f5cff2, style=3, title = "three_longsig")
three_p77 = plot(three_wt1-three_wt2, color= #ffd680, style= 3, transp=80)
// # ========================================================================= #
// trade definition (for the specific indicator)
// # ========================================================================= #
three_Buy = three_wt1 > three_wt2
three_Sell = three_wt1 < three_wt2
// # ========================================================================= #
// Compound Trade Definition
// # ========================================================================= #
three_compoundAlertBuy = one_Buy_5 and one_Buy_7_maybe and one_SMI_stat_less_zero and two_Buy and three_Buy
three_compoundAlertSell = one_Sell_5 and one_Sell_7_maybe and one_SMI_stat_above_zero and two_Sell and three_Sell
// # ========================================================================= #
// compound alerts condition
// # ========================================================================= #
alertcondition (three_compoundAlertBuy, title= "three_compoundAlertBuy", message ="three_ocompoundAlertBuy")
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
// # ========================================================================= #
// # sub indicator number
// # ========================================================================= #
// --forth indicator-- //
// # ========================================================================= #
// # indicator title
// # ========================================================================= #
// tsimacd
// # ========================================================================= #
// input variables
// # ========================================================================= #
four_fast_length = input(title="four_Fast Length", type=input.integer, defval=8)
four_slow_length = input(title="four_Slow Length", type=input.integer, defval=21)
four_First_R = input(title="four_First R", type=input.integer, defval = 8)
four_Second_S = input(title="four_Second S", type=input.integer, defval=5)
four_src = input(title="four_Source", type=input.source, defval=close)
four_signal_length = input(title="four_Signal Smoothing", type=input.integer, minval = 1, maxval = 50, defval = 9)
four_sma_signal = input(title="four_Simple MA(Signal Line)", type=input.bool, defval=false)
// # ========================================================================= #
// PLOT colors
// # ========================================================================= #
four_col_grow_above = #26A69A
four_col_grow_below = #FFCDD2
four_col_fall_above = #B2DFDB
four_col_fall_below = #EF5350
four_col_macd = #0094ff
four_col_signal = #00ff00
four_col_mirror_macd = #ff0000
// # ========================================================================= #
// calculations
// # ========================================================================= #
four_fast_ma = ema(four_src, four_fast_length)
four_slow_ma = ema(four_src, four_slow_length)
four_macd = four_fast_ma - four_slow_ma
four_MTM = four_macd - four_macd[1]
four_ABSMTM = abs(four_MTM)
four_EMA_MTM = ema(four_MTM, four_First_R)
four_EMA_ABSMTM = ema(four_ABSMTM, four_First_R)
four_EMA2_MTM = ema(four_EMA_MTM, four_Second_S)
four_EMA2_ABSMTM = ema(four_EMA_ABSMTM, four_Second_S)
four_TSI = 100.0*four_EMA2_MTM/four_EMA2_ABSMTM
four_Mirror_TSI = -100.0*four_EMA2_MTM/four_EMA2_ABSMTM
four_signal = four_sma_signal ? sma(four_TSI, four_signal_length) : ema(four_TSI, four_signal_length)
// # ========================================================================= #
// PLOT alerts
// # ========================================================================= #
plotshape(crossover(four_TSI,four_Mirror_TSI), color = color.green, style = shape.cross, location = location.top)
plotshape(crossover(four_Mirror_TSI,four_TSI), color = color.red, style = shape.cross, location = location.top)
hline(0)
plot(four_TSI, title="four_TSI_MACD", color=four_col_macd, transp=0)
plot(four_signal, title="four_Signal", color=four_col_signal, transp=0)
plot(four_Mirror_TSI, title="four_TSI_Mirror", color=four_col_mirror_macd)
// # ========================================================================= #
// trade definition (for the specific indicator)
// # ========================================================================= #
// tsi > mirorrtsi - TBD
four_Buy = (four_TSI > four_signal) and (four_TSI < 0) and (four_signal < 0 )
four_Sell = (four_TSI < four_signal) and (four_TSI > 0) and (four_signal > 0 )
// # ========================================================================= #
// Compound Trade Definition
// # ========================================================================= #
four_compoundAlertBuy = one_Buy_5 and one_Buy_7_maybe and one_SMI_stat_less_zero and two_Buy and three_Buy and four_Buy
four_compoundAlertSell = one_Sell_5 and one_Sell_7_maybe and one_SMI_stat_above_zero and two_Sell and three_Sell and four_Sell
// # ========================================================================= #
// compound alerts condition
// # ========================================================================= #
alertcondition (four_compoundAlertBuy, title= "four_compoundAlertBuy", message ="four_compoundAlertBuy")
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
// # ========================================================================= #
// # sub indicator number
// # ========================================================================= #
// --thith indicator-- //
// # ========================================================================= #
// # indicator title
// # ========================================================================= #
// zscore
// # ========================================================================= #
// input variables
// # ========================================================================= #
five_Period = input(20, minval=1)
hline(0, color=#d575b6)
five_xStdDev = stdev(close, five_Period)
five_xMA = sma(close, five_Period)
five_nRes = (close - five_xMA) / five_xStdDev
// thith_zeroline = 0 // for alerts
// # ========================================================================= #
// plot
// # ========================================================================= #
plot(five_nRes, color=#f2e2ce, title="five_Z-Score")
// # ========================================================================= #
// trade definition (for the specific indicator)
// # ========================================================================= #
thith_buy = five_nRes > 0
thith_sell = five_nRes < 0
// # ========================================================================= #
// Compound Trade Definition
// # ========================================================================= #
thith_compoundAlertBuy = one_Buy_5 and one_Buy_7_maybe and one_SMI_stat_less_zero and two_Buy and three_Buy and four_Buy and thith_buy
thith_compoundAlertSell = one_Sell_5 and one_Sell_7_maybe and one_SMI_stat_above_zero and two_Sell and three_Sell and four_Sell and thith_sell
// # ========================================================================= #
// compound alerts condition
// # ========================================================================= #
alertcondition (thith_compoundAlertBuy, title= "thith_compoundAlertBuy", message ="thith_compoundAlertBuy")
// ---- //
// //
// //
// - - //
// //
// //
// ---- //
//////////////
// 6th indicator
// argotic tsi
// r - Length of first EMA smoothing of 1 day momentum 4
// s - Length of second EMA smoothing of 1 day smoothing 8
// u- Length of third EMA smoothing of 1 day momentum 6
// Length of EMA signal line 3
// Source of Ergotic TSI Close
//
// This is one of the techniques described by William Blau in his book "Momentum,
// Direction and Divergence" (1995). If you like to learn more, we advise you to
// read this book. His book focuses on three key aspects of trading: momentum,
// direction and divergence. Blau, who was an electrical engineer before becoming
// a trader, thoroughly examines the relationship between price and momentum in
// step-by-step examples. From this grounding, he then looks at the deficiencies
// in other oscillators and introduces some innovative techniques, including a
// fresh twist on Stochastics. On directional issues, he analyzes the intricacies
// of ADX and offers a unique approach to help define trending and non-trending periods.
// You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
////////////////////////////////////////////////////////////
//study(title="Ergotic TSI Strategy")
// r = input(4, minval=1)
// s = input(8, minval=1)
// u = input(6, minval=1)
// SmthLen = input(3, minval=1)
// hline(0, color=blue, linestyle=line)
// xPrice = close
// xPrice1 = xPrice - xPrice[1]
// xPrice2 = abs(xPrice - xPrice[1])
// xSMA_R = ema(ema(ema(xPrice1,r), s),u)
// xSMA_aR = ema(ema(ema(xPrice2, r), s),u)
// Val1 = 100 * xSMA_R
// Val2 = xSMA_aR
// xTSI = iff (Val2 != 0, Val1 / Val2, 0)
// xEMA_TSI = ema(xTSI, SmthLen)
// pos = iff(xTSI > xEMA_TSI, 1,
// iff(xTSI < xEMA_TSI, -1, nz(pos[1], 0)))
// barcolor(pos == -1 ? red: pos == 1 ? green : blue )
// plot(xTSI, color=green, title="Ergotic TSI")
// plot(xEMA_TSI, color=red, title="SigLin")
// // 7th indicator
// // lrs
// // Simple linear regression slope - Good way see if the trend is accelarating or decelarating
// // study(title="UCSGEARS - Linear Regression Slope", shorttitle="UCS-LRS", overlay=false)
// src = close
// //Input
// clen = input (defval = 50, minval = 1, title = "Curve Length")
// slen = input(defval=5, minval=1, title="Slope Length")
// glen = input(defval=13, minval=1, title="Signal Length")
// //Linear Regression Curve
// lrc = linreg(src, clen, 0)
// //Linear Regression Slope
// lrs = (lrc-lrc[1])/1
// //Smooth Linear Regression Slope
// slrs = ema(lrs, slen)
// //Signal Linear Regression Slope
// alrs = sma(slrs, glen)
// //loalrs = sma(slrs, (glen*5))
// uacce = lrs > alrs and lrs > 0
// dacce = lrs < alrs and lrs < 0
// scolor = uacce ? green : dacce ? red : blue
// plot(0, title = "Zero Line", color = gray)
// plot(slrs, color = scolor, title = "Linear Regression Slope", style = histogram, linewidth = 4)
// plot(alrs, color = gray, title = "Average Slope")
Overview
UCS Stochastic Momentum Index compares the close with the midpoint of the highest high and lowest low over a percent-K lookback, then smooths that relative range with nested exponential moving averages using the percent-D length. Other inputs set channel and average lengths, two overbought and oversold bands, fast and slow lengths, signal smoothing, an optional simple moving average on the signal, bar coloring, and a period. The excerpt ends before plots, entries, and the long-only alert conditions mentioned in comments, so those are not confirmed.
- Stochastic range versus high-low midpoint
- Nested EMA smoothing of relative range
- Overbought and oversold level inputs
- Fast and slow lengths with signal smoothing
- Optional bar coloring input
Details
Published by
amico1234 on GitHub
Code credit
amico5, 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Percent K Length | int | 5 | one_a |
| Percent D Length | int | 3 | one_b |
| Length | int | 5 | two_n |
| Barcolor | bool | true | two_Barcolor |
| three_Channel Length | int | 10 | three_n1 |
| three_Average Length | int | 21 | three_n2 |
| three_Over Bought Level 1 | int | 60 | three_obLevel1 |
| three_Over Bought Level 2 | int | 53 | three_obLevel2 |
| three_Over Sold Level 1 | int | -60 | three_osLevel1 |
| three_Over Sold Level 2 | int | -53 | three_osLevel2 |
| four_Fast Length | int | 8 | four_fast_length |
| four_Slow Length | int | 21 | four_slow_length |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| four_First R | int | 8 | four_First_R |
| four_Second S | int | 5 | four_Second_S |
| four_Source | source | close | four_src |
| four_Signal Smoothing | int | 9 | four_signal_length |
| four_Simple MA(Signal Line) | bool | false | four_sma_signal |
| five_Period | int | 20 | five_Period |
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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