OPEN-SOURCE SCRIPT
Adaptive Quant RSI [ML + MTF]
This is an advanced momentum indicator that integrates Machine Learning (K-Means Clustering) with Multi-Timeframe (MTF) analysis. Unlike traditional RSI which uses fixed 70/30 levels, this script dynamically calculates support and resistance zones based on real-time historical data distribution.
Key Features:
🤖 ML Dynamic Thresholds: Uses K-Means clustering to segment RSI data into clusters, automatically plotting dynamic long/short thresholds that adapt to market volatility.
⏳ MTF Trend Background: The background color changes based on a Higher Timeframe (e.g., 5-min) RSI trend, helping you align with the broader market direction.
📊 Extreme Statistics: Incorporates percentile analysis (95th/5th) and historical pivots to identify extreme overbought/oversold conditions with high reversal probability.
📈 Probability Analysis: Displays the statistical probability of the current RSI value being at the top or bottom of its historical range.
Usage: Look for confluence between the dynamic ML thresholds and the MTF background color to identify high-probability reversal setups.
Key Features:
🤖 ML Dynamic Thresholds: Uses K-Means clustering to segment RSI data into clusters, automatically plotting dynamic long/short thresholds that adapt to market volatility.
⏳ MTF Trend Background: The background color changes based on a Higher Timeframe (e.g., 5-min) RSI trend, helping you align with the broader market direction.
📊 Extreme Statistics: Incorporates percentile analysis (95th/5th) and historical pivots to identify extreme overbought/oversold conditions with high reversal probability.
📈 Probability Analysis: Displays the statistical probability of the current RSI value being at the top or bottom of its historical range.
Usage: Look for confluence between the dynamic ML thresholds and the MTF background color to identify high-probability reversal setups.
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.