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 v6 · On the chart
Bounce 2.0
Overlays five EMAs at 8, 21, 34, 55 and 89 on the price chart and marks a Bounce 2.0 pullback setup.
GitHub stars1on the repository
Pine versionv6current
Lines of code79
Settings0inputs
LicenceCustom licence
Last update2 days ago27 Oct 2026
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
The setup needs the shorter EMAs in bullish order, ADX at or above 25, a stochastic reading at or below 40 and price within a band around the 21 EMA. A label and alert fire when all conditions hold, full alignment shades the background, and a table shows factor status for EMA, ADX, stochastic and RSI. Lengths are fixed in code.
- Five-EMA stack with alignment shading
- Bounce 2.0 pullback label and alert
- ADX, stochastic and RSI factor table
- Price proximity to the 21 EMA test
Details
Published by
mphinance on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, 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.
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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