RSI Exhaustion • Minimalist Trading

The RSI Exhaustion is an essential replacement of the standard RSI indicator because it is able to identify and highlight hidden exhaustion levels.

The indicator is crucial, even to the novice trader, to accurately spot trend reversal or trend continuation opportunities particularly when the RSI is neither overbought nor oversold. Additionally, the RSI Exhaustion becomes helpful in confirming extreme overbought or oversold RSI conditions.

By identifying hidden exhaustion levels, the RSI Exhaustion indicator represents an essential support to the trader in effectively reading the market and taking only the best opportunities.

The indicator is available via subscription and you can enjoy a free trial. To know more about the indicator and start the trial simply visit the link below.

➡ Try the indicator

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Algorithm optimization

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Ability to display a Custom Channel and trigger alerts only when RSI is inside or outside the channel.

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Update to alerts

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Added support to decimal numbers to Custom Channel high/low levels

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Update to the latest Pine version

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• Combined exhaustion alerts
  
• Overall code optimization
  
• Update to Pine Script v.5
  

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Bug fix to colors after update to Pine Script v.5