RSI Return Study

Ever wonder what happens after the RSI hits an extreme level on your favorite ticker? This indicator answers that question historically.

What it does:

Finds every instance where the RSI crossed a user-defined trigger level
Measures the forward price return N trading days later
Displays each signal date and return in a clean table
Plots labels on the chart at each signal location
Shows the average return across all historical signals

How to use:

Set "When RSI Touches..." to your oversold level (e.g. 25) or overbought level (e.g. 75)
Set "Calculate Return Days Later" to how many trading days forward you want to measure
Works on any timeframe — bar count is automatically calculated for you
Adjust "Max Results/Labels to Display" to control how much shows on the chart

Notes:

All signals are included in the average regardless of the display limit
Set "Min Bars Between Signals" to 0 to count every RSI cross, or increase it to reduce clustering during volatile periods

Notas de prensa

Added the ability to see more than one forward return. For example, can now input
"1D,3D,7D" or
"5D,1M,3M,6M,1Y"

Can support up to 5 forward returns.

Script de código abierto

Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.

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Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.

Script de código abierto

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