RSI+ Overbought/Sold Indicator

2017年8月25日

This is a very simple script that plots signals on the chart whenever the RSI crosses the given threshold. Nothing fancy, but it is useful for deciding when to exit trades or prepare for pullbacks or for confirming that the market is currently in the middle of an extremely impulsive move or trend. It has alert functionality and you can set the overbought/sold thresholds and RSI length in the options menu.

Note: I definitely wouldn't recommend using it to enter trades unless you're an experienced counter-trend trader :)

Regards -
Matt.

2017年11月2日

發行說明

Removed text labels to make indicator more subtle. Very useful as a background confirmation tool against support & resistance for counter-trend opportunities or for gauging momentum during over-extended pullbacks for trend-continuation opportunities.

2017年11月2日

發行說明

-

2019年2月17日

發行說明

Minor improvements

2022年2月1日

發行說明

Updated to Pine Script v5