Relative Strength Exponential Moving Average [CC]
"Relative Strength Exponential Moving Average [CC]" by cheatcountry, MIT. Ported to FloScript by FloSignals; modifications under MPL-2.0. Original: Relative Strength Exponential Moving Average [CC] (v1.0), read 2026-10-12T15:46:51.178Z; source language v5.
Licence: MIT License (MIT) — full text.
Relative Strength Exponential Moving Average [CC] by cheatcountry, ported from Pine v5. Overlay indicator with 1 plot, bar/background colouring, alerts and 6 inputs.
// Copyright (c) 2019-present, Franklin Moormann (cheatcountry)
// Relative Strength Exponential Moving Average [CC] script may be freely distributed under the MIT license.
// ------------------------------------------------------------------------------------------------
// Original author: cheatcountry
// Original title: Relative Strength Exponential Moving Average [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 Exponential Moving Average [CC]', max_bars_back=3000, overlay=true)
inp = input(title='Source', defval=close)
res = input.timeframe(title='Resolution', defval='')
rep = input(title='Allow Repainting?', defval=false)
bar = input(title='Allow Bar Color Change?', defval=true)
src = inp[rep ? 0 : barstate.isrealtime ? 1 : 0][rep ? 0 : barstate.isrealtime ? 0 : 1]
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 = src - nz(src[1])
up = mom > 0 ? mom : 0
dn = mom < 0 ? math.abs(mom) : 0
upMa = ta.ema(up, length)
dnMa = ta.ema(dn, length)
rs = upMa + dnMa != 0 ? math.abs(upMa - dnMa) / (upMa + dnMa) : 0
rsEma = 0.0
rsEma := nz(rsEma[1]) + alpha * (1 + rs * mult) * (src - nz(rsEma[1]))
slo = src - rsEma
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')
rsemaColor = sig > 1 ? color.green : sig > 0 ? color.lime : sig < -1 ? color.maroon : sig < 0 ? color.red : color.black
barcolor(bar ? rsemaColor : na)
plot(rsEma, title='RSEma', color=rsemaColor, 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.
- v2
Library refresh 2026-10-14
- v1
Library refresh 2026-10-12
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