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
Ultimate RSI
Calculates a modified RSI in a separate pane with a selectable smoothing method such as RMA or EMA, an adjustable length and source, and a smoothed signal line.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code86
Settings14inputs
LicenceNone stated
Last update2 years ago9 May 2024
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
Overbought and oversold levels default to 80 and 20, with colour fills for each zone. Settings change the smoothing types, lengths, colours and levels. It is an oscillator display only and has no built-in entries, exits or stops.
- Modified RSI oscillator
- Selectable smoothing methods
- Signal line
- Colour-coded overbought and oversold zones
Details
Published by
ranguchamy on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 14 | length |
| Method | string | RMA | smoType1 |
| Source | source | close | src |
| Color | color | color.silver | arsiCss |
| Auto | bool | true | autoCss |
| smooth | int | 14 | smooth |
| Method | string | EMA | smoType2 |
| Color | color | #ff5d00 | signalCss |
| Overbought | float | 80 | obValue |
| obCss | color | #089981 | obCss |
| obAreaCss | color | color.new(#089981, 80) | obAreaCss |
| Oversold | float | 20 | osValue |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| osCss | color | #f23645 | osCss |
| osAreaCss | color | color.new(#f23645, 80) | osAreaCss |
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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