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 v5 · On the chart
Relarive Strength Index
Relarive Strength Index calculates the RSI oscillator using a configurable source such as close prices, a period length, and an offset value.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code30
Settings3inputs
LicenceApache-2.0
Last update2 years ago4 Aug 2024
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
30 lines of Pine Script v5 from src/indicator/rsi.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// RSI indicator
//
// Input configuration
// - sourceInput: close; the OHLC input for the RSI
// - lengthInput: 14; number of periods for the RSI
// - offsetInput: 0;
//
// Output:
// - RSI solid line
// - Overbought dotted line
// - Oversold dotted line
//@version=5
indicator(title="Relarive Strength Index", shorttitle="RSI with timeframe", overlay=true, timeframe="D", timeframe_gaps=true)
// Configurable input fields
float sourceInput = input.source(close, title="Source")
int lengthInput = input.int(14, minval=1, title="Length")
int offsetInput = input.int(title="Offset", defval=0, minval=-500, maxval=500)
// RSI is between 0 and 100
float rsi = ta.rsi(sourceInput, lengthInput)
// Plot RSI line
plot(rsi, color=color.blue, title="RSI", offset=offsetInput)
// Plot horizontal lines
hline(80, "Overbought", color=color.gray, linestyle=hline.style_dotted)
hline(20, "Oversold", color=color.gray, linestyle=hline.style_dotted)
Overview
Relarive Strength Index plots the RSI line directly on the price chart along with dotted horizontal lines marking overbought at 80 and oversold at 20. The main settings control the input source, calculation length, and plot offset for alignment. This is an overlay indicator designed for trend and momentum analysis on any chart timeframe.
- RSI Oscillator
- Overbought Line
- Oversold Line
- Source Input
- Offset Plot
Details
Published by
CjHare on GitHub
Type
Draws
On the price chart
Category
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.
Topics
pinescript-indicatorspinescript-strategies
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | sourceInput |
| Length | int | 14 | lengthInput |
| Offset | int | 0 | offsetInput |
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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