Fearzone Exhaustion Signals■ Overview
This indicator highlights bars where an overextended move starts to lose strength. A red background marks a possible short entry, and a green background marks a possible long entry.
Long signals are stricter than short signals. A long signal also requires a fear condition, so it appears only after a clear sell-off.
【Image: chart with red and green backgrounds】
■ How a signal is made
1. Overextension
Two RSIs, a short-term one and a long-term one, are calculated on smoothed prices.
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