OPEN-SOURCE SCRIPT
RSI & Choppiness Index (CI) Pro Dashboard + Alerts by ubao
Hello, this is ubao.
I am sharing the [RSI & CI Multi-Timeframe Dashboard], an essential filtering indicator designed to help you avoid getting caught in short-term noise (whipsaws) and instantly identify whether the market is currently "Trending" or "Choppy".
To save valuable chart space, it is compactly displayed in the corner of your screen, allowing you to cross-check momentum (RSI) and market conditions (CI) across multiple timeframes at a single glance.
🔥 Core Features
Multi-Timeframe (MTF) Support: Intuitively check indicator values for the 5m, 15m, 1H, 4H, Daily, and Weekly timeframes all within one clean table.
Choppiness Index (CI) Integration: Diagnoses the 'state of the market' rather than just the direction.
🟢 Trending Market (CI < 38.2): Strong directional movement has begun. (Favorable for breakouts and trend following)
🟠 Choppy Market (CI > 61.8): Directionless, whipsaw conditions. (Consider range trading or staying flat)
Conditional "Neon Sign" UI: The dashboard maintains a calm, unobtrusive color during neutral conditions. It only lights up with custom alert colors when overbought/oversold levels are reached or strong trends emerge, providing excellent visibility without distraction.
Built-in Real-time Alerts: Get instant alerts for RSI OB/OS and CI Trend/Choppy states based on the timeframe of your currently active chart.
💡 Practical Trading Tips
When considering a breakout trade, if the higher timeframe (e.g., 1H, 4H) CI indicates a 'Choppy Market' (Orange), the probability of a fakeout is high. Consider reducing your position size or waiting for a better setup.
The most powerful trend-following entry often occurs when the CI shifts into a 'Trending Market' (Green) while momentum aligns. Using this dashboard as a filter alongside Price Action or VPA (Volume Price Analysis) will significantly help protect your win rate.
⚙️ Fully Customizable
You can freely modify all of the following in the indicator settings:
Indicator Inputs: Lengths, RSI OB/OS levels, and CI Fibonacci thresholds.
UI Layout: Table position, cell width, and row height.
Colors: Full control over background, text, and conditional alert colors for every state.
I hope this tool helps you stay on the right side of the market.
Trade Safe!
I am sharing the [RSI & CI Multi-Timeframe Dashboard], an essential filtering indicator designed to help you avoid getting caught in short-term noise (whipsaws) and instantly identify whether the market is currently "Trending" or "Choppy".
To save valuable chart space, it is compactly displayed in the corner of your screen, allowing you to cross-check momentum (RSI) and market conditions (CI) across multiple timeframes at a single glance.
🔥 Core Features
Multi-Timeframe (MTF) Support: Intuitively check indicator values for the 5m, 15m, 1H, 4H, Daily, and Weekly timeframes all within one clean table.
Choppiness Index (CI) Integration: Diagnoses the 'state of the market' rather than just the direction.
🟢 Trending Market (CI < 38.2): Strong directional movement has begun. (Favorable for breakouts and trend following)
🟠 Choppy Market (CI > 61.8): Directionless, whipsaw conditions. (Consider range trading or staying flat)
Conditional "Neon Sign" UI: The dashboard maintains a calm, unobtrusive color during neutral conditions. It only lights up with custom alert colors when overbought/oversold levels are reached or strong trends emerge, providing excellent visibility without distraction.
Built-in Real-time Alerts: Get instant alerts for RSI OB/OS and CI Trend/Choppy states based on the timeframe of your currently active chart.
💡 Practical Trading Tips
When considering a breakout trade, if the higher timeframe (e.g., 1H, 4H) CI indicates a 'Choppy Market' (Orange), the probability of a fakeout is high. Consider reducing your position size or waiting for a better setup.
The most powerful trend-following entry often occurs when the CI shifts into a 'Trending Market' (Green) while momentum aligns. Using this dashboard as a filter alongside Price Action or VPA (Volume Price Analysis) will significantly help protect your win rate.
⚙️ Fully Customizable
You can freely modify all of the following in the indicator settings:
Indicator Inputs: Lengths, RSI OB/OS levels, and CI Fibonacci thresholds.
UI Layout: Table position, cell width, and row height.
Colors: Full control over background, text, and conditional alert colors for every state.
I hope this tool helps you stay on the right side of the market.
Trade Safe!
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.
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
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.
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.