OPEN-SOURCE SCRIPT
QuantumPips RSI Pro - Strip Overlay
QuantumPips RSI Pro - Strip Overlay
QuantumPips RSI Pro, Strip Overlay is a momentum visualization tool that places a compact RSI strip directly on the price chart, so you can read overbought/oversold pressure without using a separate lower pane.
This indicator is designed to help traders answer three practical questions in real time:
What you will see
1) RSI Strip on the chart
A mini RSI band is plotted near the bottom of your chart:
2) Reclaim markers (main chart)
The indicator prints Reclaim↑ and Reclaim↓ labels on your candles:
3) Side panel (quick decision dashboard)
The top-right panel summarizes the current state:
The goal is to reduce hesitation and make the “market condition” easy to read quickly.
How to use it
A simple workflow:
If reclaim aligns with Trend Bias and Volume, it often becomes a cleaner setup environment.
If reclaim fights the trend bias, treat it more cautiously.
Recommended markets / timeframes
Works well for intraday momentum reading on instruments like Gold (XAUUSD) and Nasdaq, especially on 5m–15m charts.
Higher timeframes can be used for smoother signals, while lower timeframes will react faster but produce more noise.
QuantumPips RSI Pro, Strip Overlay is a momentum visualization tool that places a compact RSI strip directly on the price chart, so you can read overbought/oversold pressure without using a separate lower pane.
This indicator is designed to help traders answer three practical questions in real time:
- Is momentum stretched (OB/OS)?
- Has momentum reset back inside a level (Reclaim)?
- Is the current move supported by volume and trend bias (Panel)?
What you will see
1) RSI Strip on the chart
A mini RSI band is plotted near the bottom of your chart:
- Red zone = overbought region
- Green zone = oversold region
- RSI is highlighted more strongly when it is actually inside those zones.
2) Reclaim markers (main chart)
The indicator prints Reclaim↑ and Reclaim↓ labels on your candles:
- Reclaim↑ (bullish reclaim): RSI dipped into oversold and then reclaimed back above the oversold level.
- Reclaim↓ (bearish reclaim): RSI pushed into overbought and then reclaimed back below the overbought level.
- These are not “guaranteed entries.” They are momentum reset events that can be used as confirmation alongside your own structure, support/resistance, or session strategy.
3) Side panel (quick decision dashboard)
The top-right panel summarizes the current state:
- Overbought (Yes/No)
- Oversold (Yes/No)
- Reclaim: Up / Down / None
- Volume: High / Normal (based on volume vs its moving average)
- Trend Bias: Bull / Bear / Flat (EMA-based, optional)
The goal is to reduce hesitation and make the “market condition” easy to read quickly.
How to use it
A simple workflow:
- Look at the strip
- If RSI is deep in green, price may be stretched down (watch for recovery).
- If RSI is deep in red, price may be stretched up (watch for cooling).
- Wait for a reclaim
- Reclaim↑ suggests momentum is recovering from oversold.
- Reclaim↓ suggests momentum is cooling from overbought.
- Use the panel for confluence
If reclaim aligns with Trend Bias and Volume, it often becomes a cleaner setup environment.
If reclaim fights the trend bias, treat it more cautiously.
Recommended markets / timeframes
Works well for intraday momentum reading on instruments like Gold (XAUUSD) and Nasdaq, especially on 5m–15m charts.
Higher timeframes can be used for smoother signals, while lower timeframes will react faster but produce more noise.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
QuantumPips — Trade Structure. Not Noise.
Market Structure Pro (Invite-only): quantumpips.io/msp
Educational only. Not financial advice.
Market Structure Pro (Invite-only): quantumpips.io/msp
Educational only. Not financial advice.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
QuantumPips — Trade Structure. Not Noise.
Market Structure Pro (Invite-only): quantumpips.io/msp
Educational only. Not financial advice.
Market Structure Pro (Invite-only): quantumpips.io/msp
Educational only. Not financial advice.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.