Valdex HARSI

English Description: VALDEX-H (Standalone)

Title: VALDEX-H (Valdex Heikin-Ashi RSI)

Overview

The VALDEX-H is an advanced momentum oscillator designed to provide a cleaner and less noisy view of market momentum compared to a standard Relative Strength Index (RSI). It integrates Heikin-Ashi smoothing logic directly into the RSI calculation, effectively filtering market fluctuations and providing clearer trend visualization, optimized for Pine Script v6.

Key Components and Signals

Custom Candle Plot: The core of VALDEX-H is a series of candles plotted within the indicator panel, generated from the smoothed RSI data itself.

Green/Teal Candles: Indicate strong or rising bullish momentum.

Red/Maroon Candles: Indicate strong or rising bearish momentum.

The consistency of the candle color is the primary trend signal.

RSI Overlay Line: A smoothed line that plots the overall trajectory of the VALDEX-H signal, useful for identifying divergences and general momentum flow.

Fixed Reference Levels: The indicator uses fixed, non-editable levels for standardized overbought and oversold analysis:

Overbought (OB): +30

Oversold (OS): -30

Zero Line (0): Acts as the median, signaling the shift between bullish and bearish control.

How to Use

The VALDEX-H excels at identifying low-risk entry points and trend shifts:

Trend Confirmation: Use the candle color to confirm the market's trend direction. A shift from Red to Green/Teal suggests a potential bottom or reversal.

Overbought/Oversold Reversals: Look for the RSI Overlay Line to touch or cross the +30 or -30 levels, followed by a change in candle color for high-probability reversal signals.

Cross Zero Signal: A strong signal occurs when the RSI Overlay Line crosses the zero line, confirming the shift from bearish control (below 0) to bullish control (above 0), or vice-versa.