OPEN-SOURCE SCRIPT
Koalafied RSI State
Concept taken from RSI : The Complete Guide by John Hayden
2:1 momentum is associated with RSI values of 66.67 and 33.33 respectfully. In an Uptrend an RSI value of 40 should not be broken and in a downtrend a RSI value of 60 should not be exceeded. If so, then there is buying/selling pressure in the opposite direction (but not necessarily enough for a trend reversal). Alternatively it may show the presence of HTF traders. 4:1 momentum (RSI values of 80/20) can be associated with extreme market conditions, typically thought of as being Overbought or Oversold.
This script shows three market states based on RSI
1. Trend State - Triggered by RSI breaking a 2:1 momentum level
2. Trend Momentum - When RSI is above/below a 2:1 momentum level
3. Overbought/Oversold - When RSI is above a 4:1 momentum level
2:1 momentum is associated with RSI values of 66.67 and 33.33 respectfully. In an Uptrend an RSI value of 40 should not be broken and in a downtrend a RSI value of 60 should not be exceeded. If so, then there is buying/selling pressure in the opposite direction (but not necessarily enough for a trend reversal). Alternatively it may show the presence of HTF traders. 4:1 momentum (RSI values of 80/20) can be associated with extreme market conditions, typically thought of as being Overbought or Oversold.
This script shows three market states based on RSI
1. Trend State - Triggered by RSI breaking a 2:1 momentum level
2. Trend Momentum - When RSI is above/below a 2:1 momentum level
3. Overbought/Oversold - When RSI is above a 4:1 momentum level
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。