OPEN-SOURCE SCRIPT
RSI Exhaustion Gate (Visual Flip)
An RSI-based indicator that highlights potential overbought and oversold exhaustion points with visual dots. Provides clear signals when RSI reaches extreme levels and flips, helping traders identify short-term reversal opportunities. Includes customizable colors, RSI levels, and alerts for both long and short exhaustion triggers.
Detailed Description (for Publishing):
RSI Exhaustion Gate (Visual Flip) is designed to help traders identify potential overbought and oversold exhaustion levels on any timeframe.
Key Features:
Plots RSI with standard overbought (70) and oversold (30) levels.
Visually flipped exhaustion dots appear when RSI crosses into extreme zones and reverses, signaling potential trade entries.
Customizable colors for overbought and oversold dots.
Option to toggle visibility of RSI levels and dots.
Alerts for both long and short exhaustion points, so you can set TradingView notifications.
Works on any chart timeframe.
This tool is intended as a visual guide for spotting RSI-based exhaustion signals and can be used in conjunction with your trading strategy for improved timing and clarity.
Detailed Description (for Publishing):
RSI Exhaustion Gate (Visual Flip) is designed to help traders identify potential overbought and oversold exhaustion levels on any timeframe.
Key Features:
Plots RSI with standard overbought (70) and oversold (30) levels.
Visually flipped exhaustion dots appear when RSI crosses into extreme zones and reverses, signaling potential trade entries.
Customizable colors for overbought and oversold dots.
Option to toggle visibility of RSI levels and dots.
Alerts for both long and short exhaustion points, so you can set TradingView notifications.
Works on any chart timeframe.
This tool is intended as a visual guide for spotting RSI-based exhaustion signals and can be used in conjunction with your trading strategy for improved timing and clarity.
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.