Updated
RSI T-Bands
Overview
RSI T-Bands is a trend-following indicator that wraps RSI with upper and lower bands built from standard deviation. Instead of treating RSI as a simple overbought/oversold oscillator, it uses the position of these bands relative to the 50 midline to define a bullish or bearish trend state. Bands expand and contract with RSI volatility, making the indicator adaptive to changing momentum conditions.
• Bullish state: begins when the lower RSI band moves above 50.
• Bearish state: begins when the upper RSI band moves below 50
How to use
Candle coloring reflects the current trend state (green = bullish, red = bearish).
The upper and lower RSI bands act as dynamic thresholds around RSI.
The dashed 50 midline is the trend decision boundary.
Alerts
The script includes two alert conditions:
RSI T-Bands Bullish: triggers when the trend state flips from bearish to bullish.
RSI T-Bands Bearish: triggers when the trend state flips from bullish to bearish.
RSI T-Bands is a trend-following indicator that wraps RSI with upper and lower bands built from standard deviation. Instead of treating RSI as a simple overbought/oversold oscillator, it uses the position of these bands relative to the 50 midline to define a bullish or bearish trend state. Bands expand and contract with RSI volatility, making the indicator adaptive to changing momentum conditions.
• Bullish state: begins when the lower RSI band moves above 50.
• Bearish state: begins when the upper RSI band moves below 50
How to use
Candle coloring reflects the current trend state (green = bullish, red = bearish).
The upper and lower RSI bands act as dynamic thresholds around RSI.
The dashed 50 midline is the trend decision boundary.
Alerts
The script includes two alert conditions:
RSI T-Bands Bullish: triggers when the trend state flips from bearish to bullish.
RSI T-Bands Bearish: triggers when the trend state flips from bullish to bearish.
Release Notes
Added separate upper and lower standard deviation multipliers.Release Notes
Changed bar coloring.
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.
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.