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RSI/VIX Reversal Signal (StevenCharts) [BETA]
The RSI/VIX Reversal Signal (StevenCharts) is a specialized mean-reversion indicator that combines technical momentum (RSI) with market sentiment data (VIX).
While standard RSI strategies often fail by catching "falling knives" during strong trends, this indicator filters setups by requiring a specific volatility environment. It identifies moments of extreme fear (High VIX + Oversold RSI) or extreme complacency (Low VIX + Overbought RSI) to pinpoint high-probability reversal zones.
How It Works
This script operates on a two-step confirmation logic to prevent premature entries:
The Trigger (Blue Dot): The indicator first identifies an extreme condition.
Potential Buy: Price is Oversold while Volatility is elevated. This indicates panic selling.
Potential Sell: Price is Overbought while Volatility is suppressed. This indicates market complacency.
The Signal (Triangle Label): Once a trigger is detected, the script waits for Price Action Confirmation.
It will not print a Green Buy Label until a green candle actually closes.
It will not print a Red Sell Label until a red candle actually closes.
Key Features
Dual-Factor Analysis: Filters out weak RSI signals by demanding VIX confirmation.
Stateful Logic: Remembers if a trigger condition was met and patiently waits for the reversal candle before signaling.
Timeframe Noise Filter: Includes a built-in setting to automatically hide signals on lower timeframes to focus on macro reversals.
Data Table: An optional dashboard that displays real-time VIX values, RSI values, and Overbought/Oversold status directly on your chart.
How to Use
Buying the Fear: Look for the Green Triangle. This signals that panic selling has likely exhausted itself and buyers are stepping back in.
Selling the Greed: Look for the Red Triangle. This signals that the market is overextended and volatility is too low to sustain the move.
Blue Dots: Treat these as "Warning Shots." They tell you a setup is building, but the reversal hasn't confirmed yet.
While standard RSI strategies often fail by catching "falling knives" during strong trends, this indicator filters setups by requiring a specific volatility environment. It identifies moments of extreme fear (High VIX + Oversold RSI) or extreme complacency (Low VIX + Overbought RSI) to pinpoint high-probability reversal zones.
How It Works
This script operates on a two-step confirmation logic to prevent premature entries:
The Trigger (Blue Dot): The indicator first identifies an extreme condition.
Potential Buy: Price is Oversold while Volatility is elevated. This indicates panic selling.
Potential Sell: Price is Overbought while Volatility is suppressed. This indicates market complacency.
The Signal (Triangle Label): Once a trigger is detected, the script waits for Price Action Confirmation.
It will not print a Green Buy Label until a green candle actually closes.
It will not print a Red Sell Label until a red candle actually closes.
Key Features
Dual-Factor Analysis: Filters out weak RSI signals by demanding VIX confirmation.
Stateful Logic: Remembers if a trigger condition was met and patiently waits for the reversal candle before signaling.
Timeframe Noise Filter: Includes a built-in setting to automatically hide signals on lower timeframes to focus on macro reversals.
Data Table: An optional dashboard that displays real-time VIX values, RSI values, and Overbought/Oversold status directly on your chart.
How to Use
Buying the Fear: Look for the Green Triangle. This signals that panic selling has likely exhausted itself and buyers are stepping back in.
Selling the Greed: Look for the Red Triangle. This signals that the market is overextended and volatility is too low to sustain the move.
Blue Dots: Treat these as "Warning Shots." They tell you a setup is building, but the reversal hasn't confirmed yet.
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡stevencharts1。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
For access, DM me on X. Access will be limited for testing purposes. Full public version will release in the future.
@Steven_Charts
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡stevencharts1。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
For access, DM me on X. Access will be limited for testing purposes. Full public version will release in the future.
@Steven_Charts
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。