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
WE:TDI/STOCH
This indicator plots three stochastic oscillators and a Traders Dynamic Index in a separate pane.
GitHub stars10on the repository
Pine versionv4older, still runs
Lines of code137
Settings7inputs
LicenceNone stated
Last update5 years ago13 Jul 2021
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
Stochastic periods of 15, 32 and 50 each draw a K and D line that turns green below 18 and red above 82. A background band turns green when all six lines are oversold and red when all are overbought. The TDI section uses RSI with a fast and slow moving average plus overbought and oversold levels. A configuration mode overrides RSI length and thresholds for Bitcoin timeframes and gold on 15 minutes. It does not place trades.
- Three stochastic K and D pairs
- Oversold and overbought background fill
- TDI RSI with fast and slow averages
- Preset modes for Bitcoin and gold
- Configurable RSI period and band length
Details
Published by
davro on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Crypto, Gold
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| Configuration mode : | string | BTCUSD/4H | mode |
| RSI Period | int | 14 | rsiPeriodValue |
| Band Length | int | 31 | bandLength |
| Fast MA on RSI | int | 1 | lengthrsipl |
| Slow MA on RSI | int | 9 | lengthtradesl |
| RSI Oversold | int | 30 | oversold |
| RSI Overbought | int | 70 | overbought |
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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