OPEN-SOURCE SCRIPT

Reverse RSI Levels

71
Simple reverse RSI calculation

As default RSI values 30-50-70 are calculated into price.
This can be used similar to a bollinger band, but has also multiple other uses.

70 RSI works as overbought/resistance level.
50 RSI works as both support and resistance depending on the trend.
30 RSI works as oversold/support level.

Keep in mind that RSI levels can go extreme, specially in Crypto.
I haven't made it possible to adjust the default levels, but I've added 4 more calculations where you can plot reverse RSI calculations of your desired RSI values.

If you're a RSI geek, you probably use RSI quite often to see how high/low the RSI might go before finding a new support or resistance level. Now you can just put the RSI level into on of the 4 slots in the settings and see where that support/resistance level might be on the chart.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.