OPEN-SOURCE SCRIPT
RSI Swing Indicator (with HL Alert)
This indicator identifies swing highs and lows based on RSI extremes (overbought and oversold zones). It automatically labels:
HH (Higher High) – price moves higher than the previous swing high
LH (Lower High) – price forms a lower high
HL (Higher Low) – price forms a higher low
LL (Lower Low) – price forms a lower low
It also draws swing lines connecting these points for visual trend analysis. Alerts are triggered specifically on HL formations, which often signal potential bullish continuation.
HH (Higher High) – price moves higher than the previous swing high
LH (Lower High) – price forms a lower high
HL (Higher Low) – price forms a higher low
LL (Lower Low) – price forms a lower low
It also draws swing lines connecting these points for visual trend analysis. Alerts are triggered specifically on HL formations, which often signal potential bullish continuation.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.