Relative Strength Volume Adjusted Exponential Moving Average [CC]

// Copyright (c) 2019-present, Franklin Moormann (cheatcountry)
// Relative Strength Volume Adjusted Exponential Moving Average [CC] script may be freely distributed under the MIT license.
// ------------------------------------------------------------------------------------------------
// Original author:  cheatcountry
// Original title:   Relative Strength Volume Adjusted Exponential Moving Avg [CC]
// Licence:          MIT (the header above is the original notice, kept verbatim)
// Pine version:     5
// Fetched:          2026-10-12
// Ported to FloScript by FloSignals; modifications under MPL-2.0.
// Converter:        @flosignals/floscript 0.1.0, strict mode, score 100/100
// ------------------------------------------------------------------------------------------------
//@floscript=1
//@version=5
indicator('Relative Strength Volume Adjusted Exponential Moving Average [CC]', max_bars_back=3000, overlay=true)

f_security(_symbol, _res, _src, _repaint) =>
    _src[_repaint ? 0 : barstate.isrealtime ? 1 : 0][_repaint ? 0 : barstate.isrealtime ? 0 : 1]

res = input.timeframe(title="Resolution", defval='')
rep = input.bool(title="Allow Repainting?", defval=false)
bar = input.bool(title="Allow Bar Color Change?", defval=true)
c = f_security(syminfo.tickerid, res, close, rep)
v = f_security(syminfo.tickerid, res, volume, rep)
length = input.int(title='Length', defval=50, minval=2)
mult = input.float(title='Mult', defval=10.0, minval=0.01)

alpha = 2.0 / (length + 1)
mom = c - nz(c[1])
pv = mom > 0 ? v : 0
nv = mom < 0 ? v : 0
pvMa = ta.ema(pv, length)
nvMa = ta.ema(nv, length)
vs = pvMa + nvMa != 0 ? math.abs(pvMa - nvMa) / (pvMa + nvMa) : 0

rsvaEma = 0.0
rsvaEma := nz(rsvaEma[1]) + alpha * (1 + vs * mult) * (c - nz(rsvaEma[1]))

slo = c - rsvaEma
sig = slo > 0 ? (slo > nz(slo[1]) ? 2 : 1) : slo < 0 ? (slo < nz(slo[1]) ? -2 : -1) : 0
alertcondition(ta.crossover(sig, 1), 'Strong Buy Signal', 'Strong Bullish Change Detected')
alertcondition(ta.crossunder(sig, -1), 'Strong Sell Signal', 'Strong Bearish Change Detected')
alertcondition(ta.crossover(sig, 0), 'Buy Signal', 'Bullish Change Detected')
alertcondition(ta.crossunder(sig, 0), 'Sell Signal', 'Bearish Change Detected')
rsvaemaColor = sig > 1 ? color.green : sig > 0 ? color.lime : sig < -1 ? color.maroon : sig < 0 ? color.red : color.black
barcolor(bar ? rsvaemaColor : na)
plot(rsvaEma, title='RSEma', color=rsvaemaColor, linewidth=2)

This file is under the MIT License; it is a port of the original by cheatcountry, with the original licence header kept and the changes made for FloScript noted in the file.

• v22026-10-14

  Library refresh 2026-10-14

• v12026-10-12

  Library refresh 2026-10-12