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
AAPP
This indicator plots an adaptive moving average or scaled RSI divergence line directly on the price chart.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code56
Settings7inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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
AAPP calculates dual RSI series to measure momentum divergence, scales the values to the chart's price range, and constructs an adaptive average filtered by cumulative price dispersion. Rising values display in blue while falling values display in red. When direction shifts, it plots an offset step level based on prior bar extremes and a tick multiplier. Users can toggle WMA smoothing and adjust calculation lengths.
- Adaptive moving average with dispersion filter
- Price-scaled RSI divergence oscillator
- Directional color-changing trend plot
- Tick-offset trailing support and resistance levels
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Moving averages, Trend, Oscillators & momentum
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Dataset | source | close | price |
| Gamma | input | 0. | gamma |
| Fast Length | int | 2 | fast |
| Slow Length | int | 8 | slow |
| Apply smoothing? | bool | false | bwma |
| Scaler Lookback | int | 3 | p |
| Mintick Mult | int | -100 | m |
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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