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RSI Return Study

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Ever wonder what happens after the RSI hits an extreme level on your favorite ticker? This indicator answers that question historically.

What it does:

  • Finds every instance where the RSI crossed a user-defined trigger level
  • Measures the forward price return N trading days later
  • Displays each signal date and return in a clean table
  • Plots labels on the chart at each signal location
  • Shows the average return across all historical signals


How to use:

  • Set "When RSI Touches..." to your oversold level (e.g. 25) or overbought level (e.g. 75)
  • Set "Calculate Return Days Later" to how many trading days forward you want to measure
  • Works on any timeframe — bar count is automatically calculated for you
  • Adjust "Max Results/Labels to Display" to control how much shows on the chart


Notes:

  • All signals are included in the average regardless of the display limit
  • Set "Min Bars Between Signals" to 0 to count every RSI cross, or increase it to reduce clustering during volatile periods

Информация о релизе
Added the ability to see more than one forward return. For example, can now input
"1D,3D,7D" or
"5D,1M,3M,6M,1Y"

Can support up to 5 forward returns.

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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.