OPEN-SOURCE SCRIPT
RCT RSI Pro Fusion
Description for "RCT RSI Pro Fusion"
Description:
The RCT RSI Pro Fusion is an advanced indicator for TradingView, developed by Carlos Mauricio Vizcarra for the Rafael Cepeda Trader community. It combines the power of the standard Relative Strength Index (RSI) with additional elements to provide a more comprehensive market view.
Key Features:
RSI and SMA: Displays the standard RSI line along with its Simple Moving Average (SMA) applied directly to the RSI values, allowing analysis of its trend and momentum.
Clear Overbought/Oversold Zones: Uses dotted horizontal lines at the 20 (oversold) and 80 (overbought) levels, easily visible over any panel background, facilitating the identification of extreme price conditions.
Divergence Detection: Incorporates a system to identify and visualize regular and hidden bullish and bearish divergences between the price and the RSI, providing potential trend reversal signals.
Intuitive Visualization: Divergences are marked with symbols ('R' for regular, 'H' for hidden) and dotted lines connecting them, enhancing visual interpretation.
Alerts: Includes alert conditions for when different types of divergences are detected.
Customizable: Allows adjustment of RSI length, price source, RSI SMA period, and divergence visualization options.
In summary, the RCT RSI Pro Fusion is an all-in-one tool that fuses RSI analysis, its moving average, and divergence detection, all presented with clear and customizable visualization, ideal for traders looking to deepen their technical analysis.
Description:
The RCT RSI Pro Fusion is an advanced indicator for TradingView, developed by Carlos Mauricio Vizcarra for the Rafael Cepeda Trader community. It combines the power of the standard Relative Strength Index (RSI) with additional elements to provide a more comprehensive market view.
Key Features:
RSI and SMA: Displays the standard RSI line along with its Simple Moving Average (SMA) applied directly to the RSI values, allowing analysis of its trend and momentum.
Clear Overbought/Oversold Zones: Uses dotted horizontal lines at the 20 (oversold) and 80 (overbought) levels, easily visible over any panel background, facilitating the identification of extreme price conditions.
Divergence Detection: Incorporates a system to identify and visualize regular and hidden bullish and bearish divergences between the price and the RSI, providing potential trend reversal signals.
Intuitive Visualization: Divergences are marked with symbols ('R' for regular, 'H' for hidden) and dotted lines connecting them, enhancing visual interpretation.
Alerts: Includes alert conditions for when different types of divergences are detected.
Customizable: Allows adjustment of RSI length, price source, RSI SMA period, and divergence visualization options.
In summary, the RCT RSI Pro Fusion is an all-in-one tool that fuses RSI analysis, its moving average, and divergence detection, all presented with clear and customizable visualization, ideal for traders looking to deepen their technical 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.