OPEN-SOURCE SCRIPT
Updated RSI Power Zones [RWTrading]
What the trader sees
The script paints fixed RSI zones so you always know which side controls momentum. When RSI pushes into the bull resistance zone (80–90), you’re looking at strength that refuses to fade; pullbacks usually get bought. When RSI holds the bull support zone (40–50), buyers defend every dip and the trend stays intact. When RSI stalls in the bear resistance zone (55–65), rallies fail and sellers lean on strength. When RSI sinks into the bear support zone (20–30), weakness persists and bounces fade fast.
The indicator doesn’t predict. It classifies. It tells you which side has control and whether a move is continuation or exhaustion.
What the trader does
If RSI lives in bull zones, you trade from the long side and ignore short setups unless RSI collapses through bull support. If RSI lives in bear zones, you trade from the short side and ignore long setups unless RSI reclaims bear resistance. If RSI flips zones, you treat it as a regime change and adjust bias immediately. The zones tell you when to press, when to wait, and when to stop fighting the tape.
I have also added bearish or bullish sentiment on the RSI line itself for quick looks to see sentiment changes. This option can be toggled on or off.
Zone Meaning Trader Action
Bull Resistance 80–90 Momentum at full extension; Favor longs; buy dips; avoid
buyers in control shorts
Bull Support 40–50 Pullbacks defended; Stay long‑biased; treat dips as
trend intact continuation
Bear Resistance 55–65 Rallies fail; sellers Favor shorts; fade pops; avoid longs
lean on strength
Bear Support 20–30 Weakness persists; Stay short‑biased; treat
bounces fade bounces as continuation
The script paints fixed RSI zones so you always know which side controls momentum. When RSI pushes into the bull resistance zone (80–90), you’re looking at strength that refuses to fade; pullbacks usually get bought. When RSI holds the bull support zone (40–50), buyers defend every dip and the trend stays intact. When RSI stalls in the bear resistance zone (55–65), rallies fail and sellers lean on strength. When RSI sinks into the bear support zone (20–30), weakness persists and bounces fade fast.
The indicator doesn’t predict. It classifies. It tells you which side has control and whether a move is continuation or exhaustion.
What the trader does
If RSI lives in bull zones, you trade from the long side and ignore short setups unless RSI collapses through bull support. If RSI lives in bear zones, you trade from the short side and ignore long setups unless RSI reclaims bear resistance. If RSI flips zones, you treat it as a regime change and adjust bias immediately. The zones tell you when to press, when to wait, and when to stop fighting the tape.
I have also added bearish or bullish sentiment on the RSI line itself for quick looks to see sentiment changes. This option can be toggled on or off.
Zone Meaning Trader Action
Bull Resistance 80–90 Momentum at full extension; Favor longs; buy dips; avoid
buyers in control shorts
Bull Support 40–50 Pullbacks defended; Stay long‑biased; treat dips as
trend intact continuation
Bear Resistance 55–65 Rallies fail; sellers Favor shorts; fade pops; avoid longs
lean on strength
Bear Support 20–30 Weakness persists; Stay short‑biased; treat
bounces fade bounces as continuation
Release Notes
What the trader sees:The script paints fixed RSI zones so you always know which side controls momentum. When RSI pushes into the bull resistance zone (80–90), you’re looking at strength that refuses to fade; pullbacks usually get bought. When RSI holds the bull support zone (40–50), buyers defend every dip and the trend stays intact. When RSI stalls in the bear resistance zone (55–65), rallies fail and sellers lean on strength. When RSI sinks into the bear support zone (20–30), weakness persists and bounces fade fast.
The indicator doesn’t predict. It classifies. It tells you which side has control and whether a move is continuation or exhaustion.
What the trader does
If RSI lives in bull zones, you trade from the long side and ignore short setups unless RSI collapses through bull support. If RSI lives in bear zones, you trade from the short side and ignore long setups unless RSI reclaims bear resistance. If RSI flips zones, you treat it as a regime change and adjust bias immediately. The zones tell you when to press, when to wait, and when to stop fighting the tape.
I have also added bearish or bullish sentiment on the RSI line itself for quick looks to see sentiment changes. This option can be toggled on or off.
Zone Meaning Trader Action
Bull Resistance 80–90 Momentum at full extension; Favor longs; buy dips; avoid
buyers in control shorts
Bull Support 40–50 Pullbacks defended; Stay long‑biased; treat dips as
trend intact continuation
Bear Resistance 55–65 Rallies fail; sellers Favor shorts; fade pops; avoid longs
lean on strength
Bear Support 20–30 Weakness persists; Stay short‑biased; treat
bounces fade bounces as continuation
Release Notes
Increased the amount of customization the user can do.Added a chop filter that is ATR based. This allows the user to be more aware of the existence of a harder to trade environment. This can also be toggled on or off
Added a more dynamic power zone area. Now areas will be shaded as they approach a potential pullback area. This is also just to increase the user experience.
Added a dashboard for quick information.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.