RSI PacingThe RSI Pacing indicator compares the movement of the RSI directly with the movement of the asset to help identify divergences.
Bullish Divergences
The RSI is increasing at a greater rate than the pace of the asset.
The RSI is decreasing at a lesser rate than the pace of the asset.
Bearish Divergences
The RSI is decreasing at a greater rate than the pace of the asset.
The RSI is increasing at a lesser rate than the pace of the asset.
Warning: Does not yet work on higher timeframes yet. Working on getting the pace normalized to the RSI's bounds.
Search in scripts for "rsi"
[_ParkF]RSIRSI
Typical RSI indicators were plotted with candles and expressed wick to resemble a candle chart,
and linear regression was added to predict changes in force intensity,
which allowed us to confirm support and resistance within linear regression.
In addition, divergence signal was marked as an additional basis for the price fluctuation point due to support and resistance.
In other words,
if the diversity signal appears together when the rsi candle is supported and resisted within linear regression,
this is the basis for predicting that it is a point of change in the existing trend.
Finally, the period value and standard deviation of linear regression can be arbitrarily modified and used.
I hope it will help you with your trading.
일반적인 RSI 지표를 캔들화 하였고 꼬리까지 포함하여 캔들 차트와 유사하게 표현 하고,
캔들화한 RSI 지표에 선형회귀(채널)를 추가 하여 RSI 지표 특유의 힘의 강도의 변화를 지지와 저항으로 확인할 수 있게 해봤습니다.
또한 다이버전스 신호를 추가하여 선형회귀(채널)로 인한 지지와 저항에 따른 가격 변동의 근거로 삼을 수 있습니다.
즉, 선형회귀(채널) 안에서 RSI 캔들이 지지와 저항을 받을 때 다이버전스 신호가 함께 나타난다면 이는 기존 추세의 변화 지점임을
예측해 볼 수 있는 근거가 됩니다.
마지막으로 선형회귀(채널)의 기간값과 표준편차는 임의로 수정하여 사용할 수 있습니다.
당신의 트레이딩에 도움이 되었으면 합니다.
* I would like to express my gratitude to zdmre for revealing the linear regression source.
RSI CandlesRSI Candles
HOW Does it work ?
* RSI - Relative Strength Index is a very well known to understand the trend strength, Many researches have been done on RSI.
* The Indicator defines itself as the Candles are formed of RSI Value of Defined Length and Chart Time Frame.
RSI Candles comprises of following --
* Candles formed from RSI value.
* Predefined Moving average limited line for breakout.
* Up Trend Area, Down Trend Area, Consolidation Area when RSI is in-between 55 to 45.
User Inputs --
# User can change length of RSI.
# Over Bought / Sold values can be changed.
How to learn the trend ?
# Time Frame shall be more than 2 min. for better outcome.
# If the market is below the line then look for falling in RSI and one can learn the down trend.
# Over bought / Over sold be clearly seen in chart so trend reversal can be grabbed.
# The data for the indicator will be very restricted, most of the parts in indicator wont work when the market closes.
# Pre-Opening or Post -Market data is tried to be ignored.
# Utmost Care is taken to implement the suggestions of users and also tried to keep the chart neat and clean.
Disclaimer
# The indicator to be used for understanding / learning the markets.
# User is responsible for his / her profits / losses, that may occur during the markets.
RSI-MACD Momentum Fusion Indicator(RMFI)📈 RSI-MACD Momentum Fusion Indicator (RMFI)
The RMFI combines the strengths of two RSI variants with a dynamically adaptive MACD module into a powerful momentum oscillator ranging from 0 to 100. The goal is to unify converging momentum information from different perspectives into a clear, weighted overall signal.
🔧 Core Features
RSI 1: Classic Wilder RSI, sensitive to short-term momentum.
RSI 2: Modified RSI based on normalized price movement ranges (Range Momentum).
MACD (3 Modes):
Standardized (min/max-based)
Fully adaptive (Z-score normalization)
50% adaptive (hybrid weighting of both approaches)
Dynamic MACD mode selection (optional): Automatic switching of MACD normalization based on volatility levels (ATR-based).
Signal Line: Smoothed average of all components to visualize momentum trends and crossovers.
🎯 Visualization
Clear separation of overbought (>70) and oversold (<30) zones with color highlighting.
Different colors based on the dynamic MACD mode – visually indicates how strongly the market adapts to volatility.
⚙️ Recommended Use
Ideal for trend following, divergence confirmation (with external divergence logic), and momentum reversals.
Particularly effective in volatile markets, as the MACD component adaptively responds to instability.
© champtrades
RSI Performance - TradingEDThis case study is based on a previous RSI study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced .
Key components of the original indicator:
● The Relative Strength Index ( RSI ) is a popular momentum oscillator developed in 1978.
● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.
Main functions of this modified indicator:
1) The SOURCE for the counts can be determined by the trader (close, open, etc).
2) You can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.)
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style.
4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE, you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) You can select the color for the ADJUSTED LEVEL and for the MOVING AVERAGE, with the colors that best suit you.
b) The CROSSOVER/CROSSUNDER signal between the MOVING AVERAGE and the ADJUSTED LEVEL can also be customized. *
c) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
d) In the case of the LABEL that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
e) You can select the color for OVERVALUED and for UNDERVALUED levels, with the colors that best suit you.
f) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH, with the colors that best suit you. *
* By default, they are marked as red for downtrends and green for uptrends.
RSI - Relative Strength Index Triple - TradingEDThis case study is based on a previous RSI study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced.
Key components of the original indicator:
● The Relative Strength Index (RSI) is a popular momentum oscillator developed in 1978.
● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.
Main functions of this modified indicator:
1) The SOURCE for the counts can be determined by the trader (close, open, etc).
2) You can select the type of MOVING AVERAGE , among many available options ( SMA , EMA , DEMA , HMA , etc.)
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS , depending on your trading style.
4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE , you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) You can select the color for the ADJUSTED LEVEL and for the MOVING AVERAGE , with the colors that best suit you.
b) The CROSSOVER/CROSSUNDER signal between the MOVING AVERAGE and the ADJUSTED LEVEL can also be customized. *
c) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
d) In the case of the LABEL that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
e) You can select the color for OVERVALUED and for UNDERVALUED levels, with the colors that best suit you.
f) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH , with the colors that best suit you. *
* By default, they are marked as red for downtrends and green for uptrends.
RSI Div at Daily VWAP StDevMean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading.
Signal criteria:
1. RSI is at Overbought/Oversold
2. RSI Divergence present (not hidden)
3. RSI has not reached Neutral level (i.e. 50)
4. Price has crossed above/below a Standard Deviation from Daily VWAP
Config Options:
- RSI length (default:14)
- Divergence Lookback Period (default:14)
- RSI Oversold/Overbought tresholds (default: 70/30)
- RSI Reset Level (default: 55/45)
- Use VWAP Std Dev (default: yes)
- Standard Deviation from Daily VWAP (default: 1.51)
Use with discretion.
RSI, Range, and Key Level Support Tool v2.1This indicator is actually 3 different indicators combined to be able to watch key levels such as daily/weekly/monthly opens, previous days and week range highs and lows, as well as see Oversold and Overbought conditions relating to the Relative Strength Index (RSI).
- RSI DOTS SYSTEM
The first part is a custom Relative Strength Index indicator that shows RSI dots above in Red and Below in Green of the bars.
As the RSI Dots go from dark and barely visible to bright and Red For Oversold or Green for Overbought it gives a direct representation above the bar chart of Overbought or Oversold conditions. The brighter the color, the closer to 100 (Overbought and Red) or 0 (Oversold and Green) the current RSI is.
As the Overbought and Oversold conditions reverse this will show a bright Yellow Dot over the bar if it crosses a value from Overbought conditions to not Overbought conditions and the same if it crosses from Oversold conditions to not oversold conditions. To put it simply, it shows RSI reversal.
- KEY LEVELS OPENS - Daily, Weekly, Monthly Opens
This is a simple line indicator that shows 3 key levels: Daily Open, Weekly Open, and Monthly Open.
These higher time frame key levels show precisely at what price that time frame opened based on 0 UTC.
- PREVIOUS HIGHS/LOWS
This part of the indicator will show the previous day and even week highs and lows. This will help the user establish a functional range of the previous days and weeks.
The highs and lows for the daily are rows of circles above and below the high and low for that specific day and the previous weekly range are rows of crosses above and below the high and low for the past week.
How to Best use the indicator:
The RSI dots will help the user find the tops and bottoms where the Key Levels Opens and Previous Highs and Lows will help the user establish the range.
Knowing where the local top/bottom is in correlation to the potential range tops and bottoms allows the user to effectively time trend reversals and potential tops/bottoms.
RSI TunnelsAn experimental RSI Tunnels indicator that plots RSI inside RSI High/Low tunnels and shows the breakouts of the tunnel.
The tunnels are made by fetching the RSI previous highest high and previous lowest low.
==Explanation==
If current RSI CROSS OVER the higher band and above zero line, we have a bullish signal.
If current RSI CROSS UNDER the lower band and below zero line, we have a bearish signal.
==Colors==
The colors define the trend strength and define if current RSI is below zero line or above zero line.
GREEN: Strong up trend.
LIGHT GREEN: Weakening up trend. (Might indicate an up reversal)
RED: Strong down trend.
Light Red: Weakening down trend. (Might indicate a down reversal)
The Trick is that trend continues until the other way signal triggers, than we change color.
==Notes==
Bars are not colored by default.
From a few tests it seems to work better on higher time frames - 1 hour and above.
Each asset can have its own rhythm, adjust 'Tunnels look back' period in settings to meet the asset rhythm.
Quote which i like: “Minimizing downside risk while maximizing the upside is a powerful concept.” – Mohnish Pabrai
Enjoy and like if you like. :)
Follow for up coming indicators: www.tradingview.com
RSI backsimple indicator that based on difference between current RSI and past RSI (historic)
so lets say if take 1 hour chart then in a day there are 24 hour
so our RSI back if we put close will be the rsi of 24 hour before and this we compare it to the current rsi
if the current is above the past one then the signal is bullish , and vice versa. (similar logic to system of buy that based on close yesterday compare open of today)
so to this logic we can add no security MTF to make it nicer
blue line is current MTF RSI , red line is historic RSI based on the number of candles we choose
when blue over red is bullish ,red over blue is bearish
same on 4 hour mTF '1 hour chart and 24 candle back
Finnie's RSI with EMA crossover + StochRSI seams to be one of the most used indicators by far, and that comes because of merit. With that in mind, the goal of this indicator is to expand upon the tradition RSI or Relative Strength Index we all know and love :) I started by adding an EMA crossover. Which gives you, the users, a general idea of when to buy and sell outside of just watching a line go down and up. To take thinks even further, I decided to add options for both Fast and Slow Stochastic oscillators. Adding STOCH brings in another variable when deciding on an entry, technically its a bit hard to explain but in practice it would go something like this: you notice RSI is down around the level 20 mark and RSI is crossing up above it's EMA, which is BULLISH signal, and you're thinking about going long. As a second confirmation you can look at the STOCH rsi, if it's also crossing above the previously spoken EMA that's another BULLISH signal. This process can be repeated once RSI has risen to find an exit.
EDIT: If you find the indicator is a bit too cluttered for you, feel free to disable the 'STOCH rsi' feature in settings :)
RSI DivergenceWhat is RSI Divergence?
It occurs when the price action and RSI are moving in opposite directions, suggesting an early sign of reversal.
When the price action is making lower lows while RSI is making higher lows, a regular bullish divergence forms.
This indicator detects four types of divergences:
Regular bear divergence marked in R tag above the RSI line, hidden bear divergence marked in a H tag above the RSI line, regular bull divergence marked in a R tag below the RSI line, and hidden bull divergence marked in a H tag below the RSI line.
RSI HeatmapHeatmap showing version measurement lengths of RSI (user selectable)
For each bar on the chart, the script calculates RSI at that point for multiple RSI lengths (e.g. 3, 7, 14, 16 etc) and displays them vertically top to bottom, fastest RSI to slowest RSI respectively. It indicates the actual RSI reading (0 to 100) by way of a colour (green for overbought, red for oversold).
So for example, if the indicator shows a cluster of reds, you know that price is oversold on several RSI lengths simultaneously.
Idea was taken from an article.
RSI MTF by PeterOThis is my take on reaching Higher TimeFrame charts, what is usually helpful when determining the trend. On the example of RSI.
So imagine you want to check RSI from higher timeframe. 15x higher for example. There are 3 ways to do it.
1. security(tickerid,"15",rsi(close,14))
DON'T!!! I strongly advise against this method. Security() function is buggy in PineScript, leads to so-called "repainting" issues. Repainting is caused by creating leak from future data and leads to abnormally fantastic strategy backtest results like the one in Open Close Cross Strategy. Theoretically speaking if security() used correctly - with Pine version3 and barmerge.lookahead_off - you should encounter no repainting, but I could swear I saw scripts repaint even with security() implemented properly.
Even assuming security() implemented correctly will not repaint - it will create delay in your script. I'm using "15" multiplier in my example, and this means, I have to wait for 15 candles to close to produce indicators value. If a strong move happens in the meantime, I'm blind, because I have to wait anyway.
So for your own security, stay away from security() at all times.
2. rsi(close,14*15)
This will produce RSI plot with no delay, but a very flattened one. RSI will move between 45 and 45, never even reaching 30 or 70 levels. So pretty useless.
3. Dig-in-the-formula way.
Doing a bit more math produces RSI line, which is not delayed, not repainting and moving in full 0-100 RSI range. Actually - looking almost identical to the one from the higher timeframe. Which was the goal of this script.
RSI-buy forceThis indicator give you the buy and sell force of RSI .
in blue is volume based RSI ( I like better as it more smooth then regular RSI
the columns in green is when RSI strength go up , columns in red when RSI power go down
this way you see better the sell and buy power based on the rsi
I used the model of modelius volume and hybrid it with this rsi . so results look interesting
RSI Divergence PRO - Baby WhaleThis RSI script will show you the following things:
When the RSI moves between the green lines (40 - 80++) we are in a Bull market.
If the RSI moves between the middle green and red line (40-60) we have some sideways action.
And yes, when the RSI is between the red lines (60 - 20--) we can say that we are in a Bear market.
The dashed lines in between are on every 10 points on the RSI .
All colors and lines are customisable.
The real MVP -1.38% of this scrip is the RSI Divergence spotter.
A little green or red triangle will show up on the chart when a RSI Divergence is formed.
The Divergence is only shown when it happens in overbought (70+) or oversold (30-) regions to avoid too many signals.
I highly recommend not to jump in on every signal you get, but also use multiple reasons, like Elliot Wave or fib levels, before entering a trade.
This Pro version is for paid subscribers of TradingView only.
It will give you the ability to create alert inside of TradingView.
If you want access, just send a message please.
Much love from Baby Whale!!
🙏❤️🐳
RSI + BB (EMA) + Dispersion (2.0)First version here
Initial data:
1) RSI
2) Bollinger Bands (Basis - EMA )
3) Dispersion (around basis)
Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.
--- Add ( 02.10.2018 )
1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings.
2) Alerts:
• RSI line crossover Dispersion Zone (green)
• RSI line crossunder Dispersion Zone (red)
RSI Overbought/Oversold OverlayDo you love RSI Overbought/Oversold signals, but want more space on the screen for the actual price chart? "RSI Overbought/Oversold Overlay" to the rescue! This indicator highlights the chart's background color green when the RSI goes overbought and red when the RSI goes oversold. You can set the RSI length, overbought level, and oversold level in the format box.
Obviously, this is not the indicator to use if you're looking for things like RSI divergence, but if you're only interested in when RSI reaches the extremes of the range, this can save you some screen real estate.
HiddenRidder - RSI Andrew Cardwell - SidewayRSI with Andrew Cardwell strategy with my adjustment.
RSI best work on daily/weekly timeframes.
But also worked on lower timeframes (not prefer below 15 minutes timeframe)
As showing on this indicator, it based on the legend Andrew Cardwell, with some modifications to my favorite.
Hint: Andrew stated that RSI uptrend start when RSI leave the 50 baseline and touch the 60, then either continues to stay about 40 baseline that his interpret of bullish market.
On Bearish market, the RSI should leave the uptrend by touching the 40 baseline and continue or not bouncing back to 60 baseline.
On Coding that’s a bit hard , because momentum indicators highly effected by the market volatility , so i added additional RSI with 50 period as to stabilize the indicator.
Also, advance with divergence signs as early warning for potential reversals trend.
Idea : I may need to enhance the code of 50RSI to lock on a larger timeframe , so if current timeframe is 1 hour, the 50RSI will be on 4 hour or Daily, and if on 15 mins the 50RSI will be on 1 hour. This method should provide greater stability and wave the sideways or noises.
Disclaimer
These indicators are provided for educational purposes only and do not constitute financial advice or guarantees. Use is at your own risk, and all decisions remain your sole responsibility.
RSI de LoquyIndicator Description: RSI de Loquy
This custom indicator blends the power of the Relative Strength Index (RSI) with the Hull Moving Average (HMA), enhanced by a linear regression to reveal underlying momentum trends.
How It Works:
The RSI is calculated not on price directly, but on the HMA, offering a smoother and more responsive signal.
The RSI is remapped to a -100 to +100 scale for more intuitive reading:
+100 = extreme oversold
-100 = extreme overbought
A linear regression line is plotted over the rescaled RSI to highlight trend direction and strength.
Usage Tips:
Reversed overbought/oversold levels:
Above +70 = potential oversold condition
Below -70 = potential overbought condition
The white regression line helps confirm trend shifts or momentum continuation.
⚙️ Customizable Inputs:
HMA period
RSI length
Regression length
RSI With TSIThis indicator combines the power of the Relative Strength Index (RSI) and the True Strength Index (TSI) into a single tool, helping traders identify both short-term and long-term momentum shifts with improved clarity and precision.
Features:
Relative Strength Index (RSI):
Adjustable period and source for RSI calculation (default: 14, close).
RSI displayed with distinct color.
Includes upper (70) and mid (50) level lines with background fill for visual emphasis.
Background fill highlights the RSI range visually.
True Strength Index (TSI):
Customizable long, short, and signal lengths.
TSI and its signal line plotted for momentum analysis.
Zero line added to quickly identify bullish or bearish zone.
📊 Why Use This Indicator?
This dual-indicator setup is excellent for:
Momentum confirmation between RSI and TSI.
Identifying early entries and trend continuations.
Spotting divergences and momentum reversals.
RSI Divergence(CompactFX)This is the standard "RSI" with "divergence" displayed. Additionally, it has the following features:
- The line color shifts above and below the RSI 50 threshold.
- The MA can be displayed on the RSI.
- Signs of an expected reversal are displayed.
**Examples of Use**
*For Swing Traders
In addition to using the standard RSI, the divergence display can serve as a trigger for further consideration.
*For Scalpers
For athletic traders who prefer intuition over logic and calculation, we recommend customizing the RSI color to your liking for bulls and bears. Consider extending the price until the RSI color changes. Below is my example.
-One-Minute Scalping
When prices are moving above the long-term and short-term MAs, you can hold a position as long as the RSI is above 55 (below 45 for bears). In this case, pivot signs can also be used as a guide for closing positions. Of course, this is best done during periods of high momentum. Five- and 15-minute scalping also works well. However, these only work if you adhere to my logic. Don't forget to adhere to your own logic and framework.
The above is just an example. Feel free to use it as you like.
RSI mura visionOverview
The Enhanced RSI with Custom 40/60 Zones is a Pine Script™ v6 open-source indicator that builds on the classic Relative Strength Index by adding two additional horizontal levels at 40 and 60, alongside the standard 30/70. These extra zones help you identify early momentum shifts and distinguish trending markets from ranging ones with greater precision.
Key Features & Originality
* Custom Mid-Zones (40/60): Standard RSI signals can be noisy around the 50 midpoint. By marking 40 as a “weak momentum” threshold and 60 as a “strong momentum” confirmation, you get clearer entry and exit cues.
* Color-Coded Zones: The RSI line changes color when crossing 40, 50, 60, 70, and 30, letting you visually spot momentum acceleration or deceleration.
* Configurable Alerts: Built-in alert conditions fire when RSI crosses 40 or 60 in either direction, so you never miss a potential trend onset or exhaustion.
* Lightweight & Clean: No external dependencies, no look-ahead bias, and minimal repainting—ideal for both novice and professional traders.
How It Works
1. Momentum Decomposition: The standard 14-period RSI measures overbought/oversold extremes. Adding 40/60 lets you see when momentum shifts from neutral to bullish (crossing above 60) or bearish (dropping below 40) earlier than the classic 70/30 thresholds.
2. Trend Confirmation vs. Pullbacks: Readings between 40–60 often correspond to healthy pullbacks within a trend. A bounce off 40 suggests continuation; a rejection at 60 warns of a deeper pullback or reversal.
Usage & Inputs
* RSI Length (default 14): Period for calculating RSI.
* Level Inputs: Customize levels for overbought (70), support (60), neutral (50), weak (40), and oversold (30).
* Alert Toggles: Enable/disable alerts on each cross.
Why This Adds Value
* Early Signals: Capture trend beginnings before the market reaches extreme overbought/oversold levels.
* Noise Reduction: Filter sideways chop by watching the 40–60 corridor.
* Flexibility: Works on any timeframe or ticker.
Pine Script™ Version: v6
Open-Source License: MPL-2.0
Feel free to fork, modify, and share.
RSI MTF CorrelationRSI MTF Correlation
This indicator detects unusual movement between RSI values on the current timeframe and a higher timeframe (multi-timeframe), generating volatility alerts or identifying potential market phase shifts.
Applying for FX:XAUUSD and BINANCE:BTCUSD.P
How To Read Data
How To Use
When RSI volatility across multiple timeframes behaves abnormally, bar colors shift from gray to orange, blue, or purple, indicating increasing levels of volatility.
Once volatility returns to a normal state (gray), it may signal a potential reversal trade opportunity.
Alert is available in the indicator.
How to Trade
Set alerts using the built-in functions of this indicator, or monitor the chart manually.
When abnormal RSI volatility occurs, bar colors will shift from gray to orange, blue, or purple, reflecting increasing levels of volatility.
Wait until a green or red bar appears to trigger a trade:
Green bar: signals a potential buy setup
Red bar: signals a potential sell setup
Stop-Loss (SL): place below the nearest swing low (for buy) or above the nearest swing high (for sell), typically 20–30 pips.
Take-Profit (TP): follow a Risk-to-Reward ratio of 1:1, 1:2, or ideally 1:5 or higher depending on market structure.
Breakeven adjustment is optional and can be applied according to your trading style and market conditions.
Notice:
Follow the higher timeframe trend for more reliable signals.
Strictly adhere to risk and money management principles.
If you experience 2–3 consecutive stop-losses, this may indicate a trend shift or an unclear market condition. In such cases, wait for a new trend to form before re-entering.
How It Works
Under normal market conditions, RSI movements across different timeframes show a relatively correlated pattern.
When this correlation breaks (abnormal RSI volatility), it often signals a possible trend shift in the lower timeframe.
To preserve the dominant trend, the higher timeframe typically pulls the lower one back in line, resulting in sharp V-shaped price movements (flash dumps/pumps).
This behavior helps us identify and isolate abnormal corrections, enabling high-probability trade setups.
However, in some cases, a genuine trend reversal in the lower timeframe can be strong enough to impact the higher timeframe. This may lead to invalidation of trade setups (i.e., stop-loss hits).
We acknowledge this risk and manage it through R:R (risk-to-reward) ratio strategies and robust capital management.
Happy trading ❤️.
