lilu - 2_1. Relative Strength Index resistance

This indicator utilizes the Relative Strength Index (RSI) to analyze overbought, oversold, aiding in the identification of the overall market trend. It calculates RSI values for several timeframes and sets various conditions based on these calculations to provide visual signals.

These parameters define different RSI thresholds for identifying overbought and oversold conditions.
length: Sets the period for RSI calculation (default is 14).

Depending on which conditions are met, the indicator plots circular shapes on the chart. Different colors and sizes represent the strength and type of signals (e.g., buy or sell).

Alerts are configured to notify the user when specific conditions are met, providing real-time notifications for potential buy or sell opportunities.