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Cardwell RSI by TQ

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📌 Cardwell RSI – Enhanced Relative Strength Index
This indicator is based on Andrew Cardwell’s RSI methodology, extending the classic RSI with tools to better identify bullish/bearish ranges and trend dynamics.

In uptrends, RSI tends to hold between 40–80 (Cardwell bullish range).
In downtrends, RSI tends to stay between 20–60 (Cardwell bearish range).


Key Features:
  • Standard RSI with configurable length & source
  • Fast (9) & Slow (45) RSI Moving Averages (toggleable)
  • Cardwell Core Levels (80 / 60 / 40 / 20) – enabled by default
  • Base Bands (70 / 50 / 30) in dotted style
  • Optional custom levels (up to 3)
  • Alerts for MA crosses and level crosses
  • Data Window metrics: RSI vs Fast/Slow MA differences


How to Use:
  1. Monitor RSI behavior inside Cardwell’s bullish (40–80) and bearish (20–60) ranges
  2. Watch RSI crossovers with Fast (9) and Slow (45) MAs to confirm momentum or trend shifts
    [\*] Use levels and alerts as confluence with your trading strategy


Default Settings:
  • RSI Length: 14
  • MA Type: WMA
  • Fast MA: 9 (hidden by default)
  • Slow MA: 45 (hidden by default)
  • Cardwell Levels (80/60/40/20): ON
  • Base Bands (70/50/30): ON

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