Reverse Relative Strength Indicator [CC]

// Copyright (c) 2019-present, Franklin Moormann (cheatcountry)
// Reverse Relative Strength Indicator [CC] script may be freely distributed under the MIT license.
// ------------------------------------------------------------------------------------------------
// Original author:  cheatcountry
// Original title:   Reverse Relative Strength Indicator [CC]
// Licence:          MIT (the header above is the original notice, kept verbatim)
// Pine version:     5
// Fetched:          2026-10-12
// Ported to FloScript by FloSignals; modifications under MPL-2.0.
// Converter:        @flosignals/floscript 0.1.0, strict mode, score 100/100
// ------------------------------------------------------------------------------------------------
//@floscript=1
//@version=5
indicator("Reverse Relative Strength Indicator [CC]", overlay=true)

requestSecurity(_symbol, _res, _src, _repaint) =>
    _src[_repaint ? 0 : barstate.isrealtime ? 1 : 0][_repaint ? 0 : barstate.isrealtime ? 0 : 1]

float inp = input.source(title="Source", defval=hlcc4)
string res = input.timeframe(title="Resolution", defval="")
bool rep = input.bool(title="Allow Repainting?", defval=false)
bool bar = input.bool(title="Allow Bar Color Change?", defval=false)
float src = requestSecurity(syminfo.tickerid, res, inp, rep)
float h = requestSecurity(syminfo.tickerid, res, high, rep)
float l = requestSecurity(syminfo.tickerid, res, low, rep)
int rsiLength = input.int(title="RSI Length", defval=14, minval=1)
float rsiLevel = input.float(title="RSI Level", defval=50.0, minval=0.0, maxval=100.0)

int emaLength = 2 * rsiLength - 1
float up = math.max(src - nz(src[1]), 0)
float dn = math.max(nz(src[1]) - src, 0)
float upEma = ta.ema(up, emaLength)
float dnEma = ta.ema(dn, emaLength)

float x = (rsiLength - 1) * (dnEma * rsiLevel / (100 - rsiLevel) - upEma)
float revRsi = x >= 0 ? src + x : nz(src + x * ((100 - rsiLevel) / rsiLevel))

float slo = src - revRsi
int sig = slo > 0 ? (slo > nz(slo[1]) ? 2 : 1) : slo < 0 ? (slo < nz(slo[1]) ? -2 : -1) : 0
alertcondition(ta.crossover(sig, 1), "Strong Buy Signal", "Strong Bullish Change Detected")
alertcondition(ta.crossunder(sig, -1), "Strong Sell Signal", "Strong Bearish Change Detected")
alertcondition(ta.crossover(sig, 0), "Buy Signal", "Bullish Change Detected")
alertcondition(ta.crossunder(sig, 0), "Sell Signal", "Bearish Change Detected")
alertcondition(ta.crossover(sig, 0) or ta.crossover(sig, 1), "All Buy Signals", "Any Bullish Change Detected")
alertcondition(ta.crossunder(sig, 0) or ta.crossunder(sig, -1), "All Sell Signals", "Any Bearish Change Detected")
color rrsiColor = sig > 1 ? color.green : sig > 0 ? color.lime : sig < -1 ? color.maroon : sig < 0 ? color.red : color.white
barcolor(bar ? rrsiColor : na)
plot(revRsi, title="ReverseRSI", color=rrsiColor, linewidth=2)

This file is under the MIT License; it is a port of the original by cheatcountry, with the original licence header kept and the changes made for FloScript noted in the file.

• v22026-10-14

  Library refresh 2026-10-14

• v12026-10-12

  Library refresh 2026-10-12