RSI Overbought and oversold

Strategy Description:
The RSI Overbought and Oversold strategy is a powerful trading system designed to capture reversals at extreme RSI levels. This strategy enters trades when the RSI reaches overbought or oversold conditions and exits based on user-defined profit targets measured in RSI points.

How It Works:

Long Entries: When RSI crosses above 70 (overbought level)

Short Entries: When RSI crosses below 30 (oversold level)

Profit Targets: Exit when RSI moves a specified number of points from entry

Customizable: All levels and targets are fully configurable

Key Features:

Flexible Exit Options: Choose your preferred profit target in RSI points (0-30 points)

Advanced Filtering: Built-in ATR volatility filter and volume confirmation

Visual Information Panel: Real-time data display with configurable positioning

Alert System: Get notified for entries and exits

Universal Compatibility: Works across all markets and timeframes

User Configuration Options:

RSI Length (default: 14)

Entry Levels (Long: 70, Short: 30)

Profit Targets in RSI points (default: 7 points)

ATR Volatility Filter (on/off)

Volume Confirmation Filter (on/off)

Panel Position (8 available locations)

For Beginners:
This strategy is perfect for both new and experienced traders. You don't need to understand programming - simply adjust the settings to match your trading style. The visual signals and information panel make it easy to follow trades.

Performance:
The strategy has shown consistent performance across various assets including stocks, forex, and cryptocurrencies. The risk-managed approach with customizable targets helps maintain favorable risk-reward ratios.

Additional Tools:
You can enhance this strategy by adding any RSI indicator from TradingView's extensive library to monitor the RSI values more closely.

Risk Management:
Always test any strategy with historical data and use proper risk management. The strategy includes volatility filters to avoid trading during uncertain market conditions.