Free Swap-Neutral Momentum Indicator for TradingView

Carry-Adjusted RSI (CARRSI) is the first RSI that shifts price by the interest-rate differential (FX) or perpetual-funding rate (crypto) before the RSI calculation.
The carry-driven “price drift” disappears, so you see pure momentum—perfect for high-swap pairs such as AUDJPY or perpetuals like BTCUSDTPERP.

 

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Why CARRSI Beats a Classic RSI

Feature	Practical Edge
Carry Drift Removed	Momentum signals are no longer skewed by overnight swap or funding payments.
Three Data-Source Modes	1) Forex Live — official central-bank rates2) Crypto Live — real-time exchange funding3) Manual — enter your own rates
Instant Analytics Panel	Live read-outs of annual carry, CARRSI value, delta vs classic RSI and cumulative carry, colour-coded for clarity.
Adaptive Alerts	Built-in crossings of 70/30 and 50 levels.
Monochrome Accessibility	Optional colour-blind friendly palette.
Time-Frame Guard	Refuses to run below 5-minute charts to avoid noise and numeric overflow.

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How It Works (Under the Hood)

1. Fetch / Input Carry Rate
   • Forex: Base-currency rate − Quote-currency rate (e.g., AUD − JPY).
   • Crypto: Annualised funding rate.
2. Convert to Per-Bar Rate
   Annual % → per-bar fraction, based on your chart’s interval.
3. Shift the Price Series
   Adjusted Price = Close × exp(−Cumulative Carry).
4. Compute RSI on the Adjusted Price
   Classic 14-period RSI logic; output = CARRSI.
5. Generate Alerts & Table
   Visual and alert-based signals exactly like a normal RSI—now carry-neutral.

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Quick Start Guide

1. Open the author’s TradingView profile and click “Add to favourites” on Carry-Adjusted RSI (CARRSI).
2. Apply it to a chart—try AUDJPY, EURTRY, BTCUSDTPERP, etc.
3. Choose Data Source Mode in settings: Forex Live, Crypto Live or Manual.
4. Keep Analytics Table enabled to watch the live difference vs classic RSI.
5. Optionally flip the Monochrome Mode switch for low-contrast themes.

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Best Pairs & Time-Frames

• Forex: AUDJPY, NZDJPY, EURTRY — 1 h or 4 h
• Crypto: BTCUSDTPERP, ETHUSDTPERP — 1 h
• Swing traders: Daily charts + Manual mode for custom precision

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Frequently Asked Questions

Is it really free?
Yes. Request access; we’ll approve within 24 h.

Why isn’t the source open?
To protect proprietary logic for live rate handling and to stop copy-paste reposts.

What advantage over a normal RSI?
Normal RSI measures price moves plus swap/funding drift; CARRSI strips that out.

Can I enter my own interest/funding numbers?
Absolutely—select Manual mode and type any annual rates you like.

Why can’t I run it on a 1-minute chart?
Below 5 m the carry per bar is microscopic and numerical precision suffers; we block those time-frames for your safety.