OPEN-SOURCE SCRIPT
Advanced RSI Support & Resistance + Oscillator Zones
An advanced technical analysis tool that combines RSI (Relative Strength Index) with dynamic support and resistance zones to identify potential trading opportunities. This indicator offers dual visualization: traditional price-based plotting and an innovative RSI oscillator overlay display.
Key Features:
- Dynamic Support & Resistance Zones based on RSI crossovers
- Bull/Bear zone visualization with customizable thresholds
- Overbought/Oversold markers with adjustable levels
- RSI oscillator overlay with up to 5000 bars lookback period
- Flexible source input: Price (close) or OBV (On Balance Volume)
- Color-coded zones for clear market sentiment identification
- Visual alerts for zone crossovers
- Customizable overlay placement (Top/Bottom)
Settings include:
- RSI Length and Source selection
- Overbought/Oversold thresholds
- Bull/Bear zone levels
- Overlay display options
- Lookback period (10-5000 bars)
- Visual preferences for zones and markers
Perfect for:
- Identifying potential reversal points
- Analyzing trend strength
- Spotting divergences
- Managing entry/exit points
- Multiple timeframe analysis
The indicator combines traditional RSI analysis with modern visualization techniques to provide traders with a comprehensive view of market conditions.
Note: For optimal performance, default lookback is set to 500 bars but can be extended up to 5000 bars based on your analysis needs.
Key Features:
- Dynamic Support & Resistance Zones based on RSI crossovers
- Bull/Bear zone visualization with customizable thresholds
- Overbought/Oversold markers with adjustable levels
- RSI oscillator overlay with up to 5000 bars lookback period
- Flexible source input: Price (close) or OBV (On Balance Volume)
- Color-coded zones for clear market sentiment identification
- Visual alerts for zone crossovers
- Customizable overlay placement (Top/Bottom)
Settings include:
- RSI Length and Source selection
- Overbought/Oversold thresholds
- Bull/Bear zone levels
- Overlay display options
- Lookback period (10-5000 bars)
- Visual preferences for zones and markers
Perfect for:
- Identifying potential reversal points
- Analyzing trend strength
- Spotting divergences
- Managing entry/exit points
- Multiple timeframe analysis
The indicator combines traditional RSI analysis with modern visualization techniques to provide traders with a comprehensive view of market conditions.
Note: For optimal performance, default lookback is set to 500 bars but can be extended up to 5000 bars based on your analysis needs.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Aviso legal
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