CustomRSI by Coinmetrika
It can be applied to any instrument, preferably on TF from 1D, although it also works on smaller ones.
Red dot = reason to think about reducing the position, green dot = reason to increase the position.
The red dot in the overbought zone is higher than the orange dotted line (ideally a solid red line), which works better than in the middle of the channel.
The green dot in the oversold zone below the green dotted line (ideally solid green) works better than in the middle of the channel.
It is recommended to use the indicator together with the Up&Down by Coin Metrika indicator.
It can be applied to any instrument, preferably on TF from 1D, although it also works on smaller ones.
Red dot = reason to think about reducing the position, green dot = reason to increase the position.
The red dot in the overbought zone is higher than the orange dotted line (ideally a solid red line), which works better than in the middle of the channel.
The green dot in the oversold zone below the green dotted line (ideally solid green) works better than in the middle of the channel.
It is recommended to use the indicator together with the Up&Down by Coin Metrika indicator.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact coinmetrika directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact coinmetrika directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.