The Adaptive RSI Moving Average (ARSIMA) is an overlay indicator that dynamically adjusts its smoothing factor based on the Relative Strength Index (RSI). When the RSI moves toward extreme overbought or oversold conditions, the smoothing factor increases to ma
Indicator · Pine Script v4 · On the chart
2 EMAs + RSI + Stochastic
This indicator overlays trend and momentum signals directly on the price chart.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code34
Settings0inputs
LicenceApache-2.0
Last update3 years ago12 May 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
34 lines of Pine Script v4 from 2_EMA+RSI+Stochastic/2_EMA+RSI+Stochastic.txt, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// EMA Section
study(title="2 EMAs + RSI + Stochastic", shorttitle="2 EMAs + RSI + Stochastic", overlay=true)
ema50 = ema(close, 50)
ema200 = ema(close, 200)
emaLong = ema50 > ema200 and close > ema50
emaShort = ema50 < ema200 and close < ema50
k = sma(stoch(close, high, low, 14), 3)
d = sma(k, 3)
stoLong = crossover(k, d)
stoShort = crossover(d, k)
up = rma(max(change(close), 0), 14)
down = rma(-min(change(close), 0), 14)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
rsiLong = rsi < 50
rsiShort = rsi > 50
long = emaLong and stoLong and rsiLong
short = emaShort and stoShort and rsiShort
if long
label.new(x = bar_index, y = na, text = "Long", yloc = yloc.abovebar, color = color.green)
if short
label.new(x = bar_index, y = na, text = "Short", yloc = yloc.abovebar, color = color.red)
// Alerts
alertcondition(long, title = "Long Signal", message = "Long @ {{timenow}}: {{ticker}} -> {{interval}}: {{close}}")
alertcondition(short, title = "Short Signal", message = "Short @ {{timenow}}: {{ticker}} -> {{interval}}: {{close}}")
Overview
2 EMAs + RSI + Stochastic calculates fifty-period and two-hundred-period exponential moving averages, a fourteen-period Stochastic oscillator smoothed with three-period simple moving averages, and a fourteen-period Relative Strength Index. Long and short signals trigger when price alignment with moving averages coincides with a Stochastic crossover and an RSI directional threshold. When triggered, the script places colored labels above bars and issues alerts. All indicator periods are hardcoded without configurable input settings, and the script contains no exit rules.
- Dual exponential moving average filter
- Stochastic oscillator crossover signals
- Relative Strength Index momentum confirmation
- On-chart visual signal labels
- Built-in alert conditions
Details
Published by
krosenfeld7 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages
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.
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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