OPEN-SOURCE SCRIPT
RSI Pro (Custom 80-70-50-30-20)
- RSI Pro (80–70–50–30–20)
This indicator is based on the standard RSI (Relative Strength Index), enhanced with additional levels at 80 and 20 to better identify extreme market conditions.
- Key Levels
80 → Extreme overbought
70 → Overbought
50 → Neutral / trend reference
30 → Oversold
20 → Extreme oversold
- How to Use
RSI helps measure momentum strength
Higher values indicate stronger bullish momentum
Lower values indicate stronger bearish momentum
When RSI moves into extreme zones (80 or 20), the market may be overstretched
When RSI fluctuates around 50, the market is typically in balance or transition
This structure provides a clearer view of momentum phases and helps improve timing during different market conditions.
⚠️ Disclaimer:
This indicator does not provide entry signals. It is designed to highlight potential timing zones only.
All trading decisions should be confirmed with your own strategy and analysis.
This indicator is based on the standard RSI (Relative Strength Index), enhanced with additional levels at 80 and 20 to better identify extreme market conditions.
- Key Levels
80 → Extreme overbought
70 → Overbought
50 → Neutral / trend reference
30 → Oversold
20 → Extreme oversold
- How to Use
RSI helps measure momentum strength
Higher values indicate stronger bullish momentum
Lower values indicate stronger bearish momentum
When RSI moves into extreme zones (80 or 20), the market may be overstretched
When RSI fluctuates around 50, the market is typically in balance or transition
This structure provides a clearer view of momentum phases and helps improve timing during different market conditions.
⚠️ Disclaimer:
This indicator does not provide entry signals. It is designed to highlight potential timing zones only.
All trading decisions should be confirmed with your own strategy and analysis.
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.