RSI Dashboard Monitor [Skiploss]RSI Dashboard Monitor is indicator for scanner Relative Strength Index ( RSI ) for 4 symbols and 10 Timeframe, detached from the main chart.
You can choose to display all 4 symbols or just 1 symbol, also can choose resolution (TF). Still, these 10 timeframes should be enough to use. Default is set to 14 but you can modify it from settings.
How it work??
RSI >= 75 : Fill color maximum overbought
RSI >= 65 : Fill color medium overbought
RSI >= 55 : Fill color minimum overbought
RSI >= 45 : Fill color minimum overbought
RSI >= 35 : Fill color medium overbought
RSI >= 25 : Fill color maximum overbought
** Values level and color style can modify it from settings
Recherche dans les scripts pour "rsi"
Stoch+RSI (SLOW D)_By Josef_HakkakStoch+RSI (SLOW D)_By Josef_Hakkak
Stochastic and RSI by SLOW D%
-> How to use:
B UY = When the yellow line (D of Slow Stoch ) goes out of the green range, it is better that the purple line ( RSI ) is be low
SELL = When the yellow line (D of Slow Stoch ) goes out of the red range, it is better to have the purple line ( RSI ) is be high
This script was previously written by RRanjanFX and has now been edited by me and changes have been made to optimize for shorter timeframes.
Edited and updated and optimized from:
RRanjanFX
Many thanks and loyal to RRanjanFX
RSI + MACD Long-Only StrategyRSI + MACD Long-Only Strategy
Overview: Momentum-based, long-only strategy combining RSI and MACD. Entries favor upside momentum; exits trigger on momentum fades or risk targets. Signals are state-gated so you get one exit per entry (no multiple exits without a prior entry).
Entry conditions:
RSI crosses above the midline (default 50) while MACD is bullish (MACD > Signal, optionally MACD > 0), OR
MACD crosses above its Signal while RSI is at/above the midline.
Optional filters:
EMA trend filter: only enter if price > EMA(n).
Oversold context: only enter within N bars after RSI dipped below the oversold threshold.
Exit conditions:
RSI crosses below the midline, OR
MACD crosses below its Signal with MACD histogram ≤ 0.
Optional risk exit: Take Profit / Stop Loss based on percentage from average entry price.
Risk management:
Inputs: Use TP/SL (on/off), TP% (default 3.0), SL% (default 1.5).
Implements protective strategy.exit (limit/stop) while in position.
Signal-based exit uses strategy.close to flatten.
Position management:
Long-only, no pyramiding (single position at a time).
Internal state ensures entries occur only when flat and exits only when in a position.
Inputs you can tune:
RSI: length, overbought, oversold, midline.
MACD: fast length, slow length, signal length; toggle “Require MACD > 0”.
Signals: oversold lookback window; EMA trend on/off and EMA length.
Risk: TP% and SL%.
Visuals: show entry/exit markers, bar coloring; optional debug background on raw triggers.
Visuals and alerts:
Plots EMA (optional), draws entry/exit markers, optional bar coloring, and a faint background on raw long triggers to aid tuning.
Alert conditions provided for entries and exits.
Notes:
Designed for bar-close evaluation; performance varies by symbol/timeframe—tune inputs accordingly.
Long-only; intended for trend-following momentum with basic risk control.
Not financial advice.
RSI, CCI, ADX Panel (Custom TF for Each)RSI, CCI, and ADX Combined – Multi-Timeframe, Fully Customizable Panel Indicator for TradingView
Overview
This Pine Script indicator integrates the Relative Strength Index (RSI), Commodity Channel Index (CCI), and Average Directional Index (ADX) into a single, clean panel for effortless technical analysis. Each indicator operates independently, with customizable length, smoothing, and time frame for maximum flexibility. Traders can now monitor momentum, trend strength, and overbought/oversold conditions across different time frames—all in one place.
Key Features
Independent Controls: Set length, smoothing (ADX), and time frame individually for each indicator via the settings panel.
Multi-Timeframe Support: Each oscillator (RSI, CCI, ADX) can be calculated on its own time frame, enabling nuanced inter-timeframe analysis.
Customizable Visualization: Adjust line color and thickness for each indicator to match your chart style.
Clean, Non-Overlay Display: All three indicators are plotted in a dedicated panel beneath the price chart, reducing clutter.
Reference Levels: Includes standard reference lines for oversold/overbought (RSI, CCI) and trend threshold (ADX) for quick visual cues.
Usage Ideas
Swing Trading: Compare short- and long-term momentum using different time frames for RSI, CCI, and ADX.
Trend Confirmation: Use ADX to filter RSI and CCI signals—only trade overbought/oversold conditions during strong trends.
Divergence Hunting: Spot divergences between time frames for early reversal signals.
Scalping: Set RSI and CCI to lower time frames for entry, while monitoring higher timeframe ADX for trend context.
How to Install
Paste the script into the Pine Editor on TradingView.
Add to chart. Adjust settings as desired.
Save as a template for quick reuse on any chart—all your custom settings will be preserved.
Customization
Edit lengths and time frames in the indicator’s settings dialog.
Toggle reference lines on/off as needed.
Fine-tune line appearance (color, thickness) for clarity.
Note:
This indicator does not provide automated buy/sell signals. It is a customizable analytical tool for manual or semi-automated trading. Use in combination with other technical or fundamental analysis for best results.
Combine Momentum, Trend, and Volatility—Seamlessly and Visually—With One Indicator.
RSI Divergence Pro+ VolumeRSI Divergence Pro+ Volume
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
BUY/SELL RSI FLIUX v1.0The "BUY/SELL RSI FLUX v1.0" indicator is designed to provide buy and sell signals based on the RSI (Relative Strength Index) and price action in relation to support and resistance levels. It overlays directly on the price chart and includes the following components:
- Support and Resistance Levels: Determined over a specified number of bars (lengthSR), these levels represent potential barriers where price action may stall or reverse.
- ATR (Average True Range): Used to measure market volatility. While it's calculated in the script, it's not visualized on the chart as per the latest modification.
- RSI: The RSI is calculated over a defined period (lengthRSI) and is used to identify overbought or oversold conditions. Buy signals are generated when the RSI is below the oversold threshold (rsiOversold) and the price is above the support level. Conversely, sell signals occur when the RSI is above the overbought threshold (rsiOverbought), the price is below the resistance level, and additionally, the price is below a long-term moving average, which acts as a trend filter.
- Long-Term Moving Average: This moving average is plotted to help identify the prevailing market trend. Sell signals are filtered based on the price's position in relation to this moving average.
- Buy/Sell Signals: Visual representations in the form of shapes are plotted below (for buy) or above (for sell) the price bars to indicate potential entry points.
By combining these elements, the indicator aims to provide high-probability trading signals that align with both the market's momentum and trend.
DW-RSI EMA with EMA of RSIThis is an RSI Oscillator with an EMA of the RSI for a signal line. The RSI line is Green when above the signal line and Red when below the signal line.
This does not use the traditional 30% / 70% over sold / over bought analysis. Therefore the levels are not shown.
The analysis is this:
When the RSI is above the signal line then price has a bullish bias.
When the RSI is below the signal line then price has a bearish bias.
I wrote use this for Forex Spot Currencies where I feel overbought and oversold may be less valid than it may be in other markets such as stocks.
As with all indicators, do not use as your sole reason to enter the market, but use with other indicators or price action signals to get a confluence of signals to confirm your entry.
I use it with an 8, 21 and 50 EMA to confirm entry and exit. I give it more weight for exits than I do for entries.
RSI with Visual Buy/Sell Setup | Corrective/Impulsive IndicatorRSI with Visual Buy/Sell Setup | 40-60 Support/Resistance | Corrective/Impulsive Indicator v2.15
|| RSI - The Complete Guide PDF ||
Modified Zones with Colors for easy recognition of Price Action.
Resistance @ downtrend = 60
Support @ uptrend = 40
Over 70 = Strong Bullish Impulse
Under 30 = Strong Bearish Impulse
Uptrend : 40-80
Downtrend: 60-20
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Higher Highs in price, Lower Highs in RSI = Bearish Divergence
Lower Lows in price, Higher Lows in RSI = Bullish Divergence
--------------------
Trendlines from Higher/Lower Peaks, breakout + retest for buy/sell setups.
###################
There are multiple ways for using RSI, not only divergences, but it confirms the trend, possible bounce for continuation and signals for possible trend reversal.
There's more advanced use of RSI inside the book RSI: The Complete Guide
Go with the force, and follow the trend.
"The Force is more your friend than the trend"
RSI 20/80 Arrows + AlertsRSI 20/80 Arrows + Alerts
This indicator is a modified Relative Strength Index (RSI) tool designed to help traders spot potential overbought and oversold conditions using customizable threshold levels (default 80 for overbought, 20 for oversold).
Features:
Custom RSI Levels – Default to 80/20 instead of the standard 70/30, but fully adjustable by the user.
Visual Signals –
Blue Arrow Up appears below the bar when RSI crosses up from below the oversold level (potential buy zone).
Red Arrow Down appears above the bar when RSI crosses down from above the overbought level (potential sell zone).
Alerts Built In – Receive notifications when either signal occurs, with the option to confirm signals only on bar close for reduced noise.
Guide Levels – Optionally display overbought/oversold reference lines on the chart for quick visual reference.
Overlay Mode – Signals are plotted directly on the price chart, so you don’t need to switch between chart windows.
Use Case:
Ideal for traders who want quick, visual confirmation of potential turning points based on RSI, especially in strategies where more extreme levels (like 20/80) help filter out weaker signals. Works well across all markets and timeframes.
RSI Zones - Directional Entry Strict RSI Zones – Directional Entry Tool (Modified RSI)
This is a simple modification of the standard RSI indicator. I’ve added two custom horizontal lines at the 60–65 and 35–40 zones to help spot momentum shifts and potential reversal points.
60–65 zone: When RSI returns here from above 65, it often signals weakening bullish momentum — useful for spotting short opportunities.
35–40 zone: When RSI returns here from below 35, it can indicate momentum loss on the downside — good for potential long setups.
This version helps traders filter out weak signals and avoid chasing extreme moves.
It works best when combined with price action, structure, or divergence.
Only 2 lines were added to the default RSI for better zone awareness. Everything else remains unchanged.
RSI Convergence DivergenceRSI based oscillator inspired by the MACD.
Indicator that consists of two RSI calibrated at different lengths to take advantage of their convergence, divergence, overall direction, overall strength and several other metrics to extract signals from the price action.
This indicator includes:
- Fast RSI
- Slow RSI
- Signal line to identify convergence/divergence
- Simple moving average applied to the average of the two RSI
- DEMA applied to the average of the two RSI
- An average moving average of the SMA and DEMA
Some of the applications of this indicator:
- Simple convergence/divergence signaled by the moving average going above or below zero.
- Crossover between SMA and DEMA
- Combination of convergence/divergence and one of the 3 MAs reaching overbought or oversold threshold
- Average moving average going above or below 50
The combinations of different conditions are countless and limited only by the imagination of the user.
The visualization inputs, besides allowing to choose the candle coloring, give the user the ability to keep the chart clean and only see the signals he is interested into.
Negroni MA & RSI Strategy, plus trade entry and SL/TP optionsI will start with the context, and some things to think about when using a strategy tool to back-test ideas.
CONTEXT
FIRST: This is derived from other people's work, but I honestly hadn't found a mixed indicator MA strategy tool that does what this now does. If it is out there, apologies!!
This tool can help back-test various MA trends (SMA, EMA, HMA, VWMA); as well as factoring in RSI levels (or not); and can factor in a fixed HTF MA (or not). You can apply a 'retest entry' or a 'breakout entry', and you can also apply various risk mgt for SL/TP orders: 1) No SL/TP; or 2) a fixed %, or 3) dynamic ATR multipliers.
Find below, some details explaining what this tool is attempting to do.
Thank you, tack, salute!
THINGS TO REVIEW (it is not just about 'profitability'!!)
Whilst discretion is always highly encouraged as a trader, and a 100% indicator-driven strategy is VERY unlikely to yield sustainable results going forward, at the very least back-testing your strategies can help provide some guidance, not just on win rate Vs profit factor, but other things including:
a) Trade frequency: if a strategy has an 75% win rate and profit factor of 4, with all your parameters and confluence checks, but only triggers 3 trades every 5 years, is that realistically implementable to your trading situation if you have a $10,000 account?
b) Trade entry type: is it consistently better to wait for a retest of an 'MA zone', or is it better to market buy/sell on breakout of the 'MA zone'?
c) Risk management (SL/TP): is it consistently better to have a fixed static % for SL/TP ("I always place my stops 2% away, whether it is EURUSD or BTCUSDT"), or would you be better placed to try using an ATR multiplier of the respective assets?
d) Moving average type: is your old faithful 100 EMA really serving you well, or is the classic SMA more reliable, or how about the HMA, or the VWMA? Is the 100/200 cross holding up, or do you need something more sensitive? Is there any significant difference between a 10 EMA/20 EMA trend zone compared to a 13 EMA /25 EMA zone?
e) Confluence: Do added confluence checks (RSI, higher timeframe MA) actually improve profitability? But even if they do, is at the cost of cutting too many trades?
INPUTS AND PARAMETERS
Choice 1) Entry Strategy: Retest or Breakout - You can select both!
[ ]:
a) RETEST entry strat: price crosses UNDER FastMA INTO the 'MA trend zone'.
b) BREAKOUT entry strat: price crosses OVER FastMA OUT the 'MA trend zone'.
Choice 2) Risk Management (SL and TP) - You can select more than 1 strategy!
a) No SL/TP: Long trades are closed when the LOW crosses back UNDER the fastMA again, and shorts are closed when the HIGH crosses back OVER the fastMA again.
b) Static % SL/TP: Your SL/TP will be a fixed % away from avg. position price... WARNING: You should change this for various asset classes; FX vol is not the same as crypto altcoin vol!
c) Dynamic ATR SL/TP: Your SL/TP is a multiple of your selected ATR range (default is 50, see 'info' when you select ATR range). ATR accounts for the change in vol of different asset classes somewhat, HOWEVER... you should probably still not have the same multiplier trading S&P500 as you would trading crypto altcoins!
Then select your preferred parameters: EMA, SMA, HMA, VWMA, etc. You can mix and match, and most options have a info/tooltip guide.
RSI note: If you don't care for RSI levels, then set buy signal at 1... i.e always buys! Similarly set sell signal at 99.
ATR note: standard ATR length is usually 14, however... your SL/TP will move POST entry, and can tighten or widen your initial SL/TP... for better AND usually for worse! Go find a trade (strat 3) on the chart, look at the SL/TP lines, now change the number to 5, you'll see.
Fixed HTF MA note: If you don't care for HTF MA confluence, just change the timeframe/options to match the 'Slow MA' options you've chosen.
MFI RSI w STOCH OVERLAY V3Combines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window.
On screen indicator text identifier will read in this order: "RSI/STOCH/MFI V3"
// Changes from original version \\
It was important to bring forth the RSI indicator as the most visually important line and its relationship to the background.
A: Major visual changes from my first published one..as default now
1: Increased RSI line to size 3
2: Increased MFI line to size 2
3: Separated all Bar Line Fields in the background for custom editing, total of 5 now. Much easier to distinguish when the RSI enters these fields.
B: Other major changes as default now
1: Sped up the indicators from 14 to 11, for quicker response. (user can adjust back to 14 or another number)
2: Increased user friendly inputs to adjust colors, lines, data, etc.
3: (darken / lighten and change background colors, increase/decrease line strengths and colors, adjust field data inputs)
Enjoy and Good Luck Trading.
RSI Bands, RSI %B and RSI BandwidthRSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional".
I have also coded up 2 scripts to visualize %B and Bandwidth, just as in BollingerBands. As you can see %B is equivalent to the actual RSI. Along with RSI_Bandwidth and %B, the bands convey a lot of information.
Another tip is to render Bollinger Bands along with RSIBands...endless possibilities :)
I have included all 3 scripts in the same chart, as they are all related. Since TradingView doesn't allow sharing more than one script in the same chart, you can only "Add script" RSI Bands.
If you want to use RSI %B and Bandwidth, follow this guide to "Make mine" this chart and get access to the source:
drive.google.com
For the complete list of my indicators, check this post:
RSI, CCI, ADX Panel (Custom TF for Each)RSI, CCI, ADX Panel (Custom TF for Each)
This indicator combines RSI, CCI, and ADX into a single panel, allowing traders to view three key momentum/trend signals together. Each indicator can be calculated on its own custom timeframe, making it useful for multi-timeframe analysis.
Features:
RSI (Relative Strength Index): Measures momentum, useful for identifying overbought/oversold conditions.
CCI (Commodity Channel Index): Detects cyclical movements and potential reversals.
ADX (Average Directional Index): Evaluates trend strength without regard to direction.
Independent timeframe selection for RSI, CCI, and ADX.
Distinct colors for each indicator (RSI = Blue, CCI = Orange, ADX = Purple).
Single consolidated panel for compact analysis.
This tool is designed to give a multi-perspective view of market strength, momentum, and trend in one place.
RSI, Volume, MACD, EMA ComboRSI + Volume + MACD + EMA Trading System
This script combines four powerful indicators—Relative Strength Index (RSI), Volume, Moving Average Convergence Divergence (MACD), and Exponential Moving Average (EMA)—to create a comprehensive trading strategy for better trend confirmation and trade entries.
How It Works
RSI (Relative Strength Index)
Helps identify overbought and oversold conditions.
Used to confirm momentum strength before taking a trade.
Volume
Confirms the strength of price movements.
Avoids false signals by ensuring there is sufficient trading activity.
MACD (Moving Average Convergence Divergence)
Confirms trend direction and momentum shifts.
Provides buy/sell signals through MACD line crossovers.
EMA (Exponential Moving Average)
Acts as a dynamic support and resistance level.
Helps filter out trades that go against the overall trend.
Trading Logic
Buy Signal:
RSI is above 50 (bullish momentum).
MACD shows a bullish crossover.
The price is above the EMA (trend confirmation).
Volume is increasing (strong participation).
Sell Signal:
RSI is below 50 (bearish momentum).
MACD shows a bearish crossover.
The price is below the EMA (downtrend confirmation).
Volume is increasing (intense selling pressure).
Backtesting & Risk Management
The strategy is optimized for scalping on the 1-minute timeframe (adjustable for other timeframes).
Default settings use realistic commission and slippage to simulate actual trading conditions.
A stop-loss and take-profit system is integrated to manage risk effectively.
This script is designed to help traders filter out false signals, improve trend confirmation, and increase trade accuracy by combining multiple indicators in a structured way.
Multiple Ticker Stochastic RSIThe Stochastic RSI is a technical indicator ranging between 0 and 100, based on applying the Stochastic oscillator formula to a set of relative strength index (RSI). Unlike the original Stochastic RSI indicator, this allows you to define up to two additional tickers for which all three will be averaged and outputted visually looking like a standard Stochastic RSI indicator. Potential buy and sell visuals are included, as well as alerts. Please note that this indicator is not meant to be used by itself.
RSI Precision Trend Candles [Loxx]RSI Precision Trend Candles is a candle coloring indicator that uses an average range algorithm to determine trend direction. The precision trend algorithm can be used on any calculated output to tease out interesting trend information.
What is RSI?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
Included
Bar coloring
Signals
Alerts
Loxx's Expanded Source Types
MACD + RSI with Trade SignalsThis indicator by default comes with the MACD shown but can be switched to show the RSI instead. Settings for each indicator can also be customized as well as Buy/Sell signals given based on pull back crossovers that follow the 200 EMA of the price Chart. There's an above/below middle fill option you can use but I tend not to but I know some traders like to see when an oscillator is above/below the middle and use it as a trend diretion. By the way, the fourth setting for the MACD (which is 2 by default) is the size of the histogram.
Buy Signal = Price is above the 200 EMA. Current or previous MACD or RSI line is/was below middle line and now crossed above the signal line.
Sell Signal = Price is below the 200 EMA. Current or previous MACD or RSI line is/was above middle line and now crossed below the signal line.
There are alerts for each signal as well (MACD and RSI, both buy and sell).
Feel free to leave a comment regarding issues or suggestions for this indicator or ideas for the next one I should do :)
ENVELOPE RSI - Buy Sell SignalsThis indicator is mainly based on Overbought and Oversold . Indicator for short-term trading. This way you can get small but acceptable signals.
The main basis of the indicator is as follows:
To buy, the indicator is waiting for the instrument to be oversold from the RSI point of view. Then, if the chart crosses the bottom line of the Envelope indicator from the bottom to the top, a buy signal is issued.
For sell, the indicator waits for the instrument to be overbought from the RSI perspective. Then, if the chart crosses the top line of the Envelope indicator from top to bottom, a sell signal is issued.
The general basis is the consonance of the price and the RSI indicator .
The best settings I came up with myself:
Time frame: 15 minutes
Overbought: 80
Oversell: 25
RSI Length: 8
It can be done on different instruments. But always set your profit and loss limits.
(Profit to loss ratio in this indicator can be 1: 1.)
Disclaimer : This information and trading indicators and tools provided neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
I am not liable for any profit, financial improvement, losses or damages, monetary or other that may result from the application of information contained within this indicator. Individual traders must use their own due diligence in analyzing featured trading indicators, other trading tools, webinars and other educational materials to determine if they represent suitable and useable features and capabilities for the individual trader.
MTF RSI + Average (Multi-Timeframe) [TH]Multi-Timeframe Relative Strength Index --- MTF RSI
Eliminates having to change time intervals to view a different Time Interval's RSI value (up to 5 time intervals possible through the settings).
The RSI values from Multiple Time Frames can be averaged together to show one single RSI.
A table overlay (info box) makes it easy to quickly identify RSI values on the multiple different time frames.
RSI PlusRSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI Plus:
☑️ Muestra las divergencias.
☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel).
☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo.
☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas.
☑️ Incluye un RSI suavizado.
RSI TrendsRSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it.
Uptrend - RSI > 60
Downtrend - RSI < 40
Sideways - RSI between 40 and 60
If however not interested in filtering for sideways trends and convert it to a long-short only strategy that stays in market all the time then it can be simply modified by setting both overbought/oversold thresholds to 50. In such a case uptrend will be above 50 and downtrend will be less than 50.
Note: wait for close for current bar to be confirmed as RSI is calculated at close
