RSI Trend Veracity (RSI TV) — Indicator by More-Than-Enough

forecasting relativestrengthindex sentiment pivot_points dipbuy peak_trading rsi_overbought rsi_oversold indicators pivot volitility

The RSI only plots itself between a high and a low value. It does not show its bullish/bearish sentiment.
The RSI TV shows the sentiment and helps anticipate the RSI trend but not the price trend.
When the Trend Veracity Line is in green, there is bullish sentiment. When it is in red, there is bearish sentiment.
The closer the lines get to their extremities, the more the current trend of the RSI is exhausted.
It works quite well even in choppy markets. See notes in the picture for more details.

Release Notes:

Recommended with:
15 min chart
Heikin Ashi chart
ARL Bands indicator

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