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
Tom DeMark Sequential Heat Map
This overlay indicator counts consecutive bars where the close is below the close four bars earlier, and a separate count where the close is above that reference.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code68
Settings6inputs
LicenceNone stated
Last update1 year ago2 Jan 2025
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
Each count runs from 1 to 13 and then restarts at 1. It paints price bars with a gradient that darkens as the count rises, and it places tiny labels under or above bars for selected counts, marking count 9 as Long or Short. Inputs toggle bar painting, labels, and whether only the 9 and 13 labels stay solid. It does not generate orders.
- Close versus close four bars earlier
- Gradient bar colors by sequence count
- Labels for counts 7 through 13
- Long and Short labels at count 9
- Optional solid or faded labels
Details
Published by
kris27x on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
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.
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Paint Bars | bool | true | paintBars |
| Show labels | bool | true | showLabels |
| Paint all labels solid (off = only 9 & 13) | bool | true | allSolid |
| Colors | color | color.new(#32CD32,0) | buy_col |
| sell_col | color | color.new(#F44336,0) | sell_col |
| text_col | color | color.new(#FFFFFF,0) | text_col |
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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