OPEN-SOURCE SCRIPT
Reverse RSI [R] – Predictive RSI Price Levels
Reverse RSI [R] – Predictive RSI Price Levels
Description
This indicator is a modified and enhanced version of the original "Reverse RSI" by Franklin Moormann (cheatcountry), published under the MIT License. It estimates the price levels at which the RSI would reach specific thresholds, typically RSI = 30 (oversold) and RSI = 70 (overbought), based on current market conditions.
Key Features
Calculates price levels corresponding to RSI = 30 and RSI = 70
Helps forecast potential support and resistance zones based on RSI targets
Automatically updates with each new candle
Supports custom RSI length and price source (close, hl2, ohlc4, etc.)
Designed for traders who want to anticipate momentum extremes before they occur
Use Cases
Estimate how far the price must move to reach RSI oversold or overbought levels
Plan limit entries or exits based on projected RSI thresholds
Combine with standard RSI or other indicators for confirmation and analysis
Credits
This script is based on the original "Reverse RSI" by Franklin Moormann (cheatcountry) and released under the MIT License.
Modified and maintained by bitcoinrb.
Description
This indicator is a modified and enhanced version of the original "Reverse RSI" by Franklin Moormann (cheatcountry), published under the MIT License. It estimates the price levels at which the RSI would reach specific thresholds, typically RSI = 30 (oversold) and RSI = 70 (overbought), based on current market conditions.
Key Features
Calculates price levels corresponding to RSI = 30 and RSI = 70
Helps forecast potential support and resistance zones based on RSI targets
Automatically updates with each new candle
Supports custom RSI length and price source (close, hl2, ohlc4, etc.)
Designed for traders who want to anticipate momentum extremes before they occur
Use Cases
Estimate how far the price must move to reach RSI oversold or overbought levels
Plan limit entries or exits based on projected RSI thresholds
Combine with standard RSI or other indicators for confirmation and analysis
Credits
This script is based on the original "Reverse RSI" by Franklin Moormann (cheatcountry) and released under the MIT License.
Modified and maintained by bitcoinrb.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.