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
RSI and Stoch (Brahim)
This indicator plots overbought and oversold markers on the price chart.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code50
Settings9inputs
LicenceNone stated
Last update4 years ago15 Oct 2022
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
RSI and Stoch (Brahim) calculates RSI from a chosen source and a smoothed Stochastic %K. A red down triangle labeled OB appears above a bar when both oscillators are at or above their overbought levels. A green up triangle labeled OS appears below a bar when both are at or below their oversold levels. Inputs change RSI length and levels, Stochastic length, %K smoothing, and the Stochastic thresholds. The Stochastic %D input is unused in the shown logic, and there are no trade entries or exits.
- Combined RSI and Stochastic overbought condition
- Combined RSI and Stochastic oversold condition
- Triangle markers above and below price bars
- Adjustable RSI source, length, and levels
- Adjustable Stochastic length, %K, and thresholds
Details
Published by
bfoura on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
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 |
|---|---|---|---|
| RSI Source | source | close | rsi_source |
| RSI stoch_length | int | 7 | rsi_length |
| RSI Overbought Level | int | 70 | rsi_over_bought_level |
| RSI Oversold Level | int | 30 | rsi_over_sold_level |
| Stochastic Length | int | 14 | stoch_length |
| Stochastic %K | int | 1 | k |
| Stochastic %D | int | 3 | d |
| RSI Overbought Level | int | 80 | stoch_over_bought_level |
| RSI Oversold Level | int | 20 | stoch_over_sold_level |
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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