This indicator calculates standardized z-scores of price data across four different lookback periods (6, 14, 26, and 100). Standardizing data subtracts the moving average from the price and divides by the standard deviation. It applies a Double Exponential Mov
Indicator · Pine Script v5 · Own pane
Ver16-19 RCI Panel
This indicator calculates the Rank Correlation Index over a customizable period and plots the oscillator in a separate pane.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code69
Settings2inputs
LicenceNone stated
Last update2 weeks ago13 Oct 2026
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
Ver16-19 RCI Panel identifies overbought and oversold market conditions relative to user-defined thresholds. Bullish signals occur when the oscillator turns upward after reaching oversold territory, while bearish signals trigger when it turns downward from overbought levels. The script marks these reversal points using background highlights and arrow shapes on the indicator pane.
- Rank Correlation Index calculation
- Overbought and oversold threshold lines
- Reversal hook trigger detection
- Visual background and arrow alerts
Details
Published by
Pesci1134 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Mean reversion
Markets
Forex
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
github-configalgorithmic-tradingbacktestingdivergenceforexgbpjpymacdpinescriptpythontrading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RCI期間 | int | 9 | rci_length |
| RCI閾値 | int | 70 | rci_threshold |
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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