OPEN-SOURCE SCRIPT
Updated Trendchange Zones Indicator | iSolani

Spotting Reversals Before They Happen: The iSolani Trendshift System
Where RSI Meets Smart Volume Analysis - Your Visual Guide to Market Turns
Core Methodology
- RSI-Powered Zones
Identifies critical levels using:
14-period RSI (default) with 70/30 thresholds
Semi-transparent boxes marking overbought (red) and oversold (green) territories
Zone persistence until RSI returns to neutral range - Dynamic Level Tracking
Plots evolving support/resistance using:
Pivot highs/lows with 15-bar lookback (default)
Auto-extending lines that adapt to new price extremes - Volume-Confirmed Breakouts
Flags significant moves with:- 5/10 EMA volume oscillator
- 20% volume threshold (default) for confirmation
- 5/10 EMA volume oscillator
Technical Innovation
- Three-Layer Confirmation
Unique combination of:
Classic RSI extremes
Price structure through pivot points
Volume-fueled momentum shifts - Adaptive Visualization
- Zones maintain historical context at 33% transparency
- Dynamic lines extend indefinitely until invalidated
- Discreet labels for breakout events
- Zones maintain historical context at 33% transparency
System Workflow
- Calculates RSI values in real-time
- Draws colored zones when RSI crosses 70/30
- Marks pivot points every 15 bars (default)
- Updates support/resistance lines on new pivots
- Triggers alerts when price breaks levels with volume confirmation
Standard Configuration
- RSI Settings: 14-period length
- Pivot Detection: 15-bar left/right lookback
- Visuals: 33% transparency zones with thin borders
- Volume Threshold: 20% oscillator difference
- Alerts: Breakout signals with "B" labels
This system transforms the classic RSI into a spatial analysis tool - not just showing when markets are overextended, but where they're likely to reverse. The dynamic lines act as moving barriers that adapt to market structure, while the volume filter ensures only high-conviction breaks get flagged. By layering momentum, price action, and volume dynamics, it creates a multi-spectrum view of potential trend changes.
Release Notes
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Update!Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.