RSI Sell/Buy Signal - Bader

3 days ago

RSI Sell/Buy Signal Indicator

Overview:
The RSI Sell/Buy Signal indicator is a powerful and customizable tool for TradingView that helps traders automatically identify potential entry and exit points using the Relative Strength Index (RSI). This indicator is designed to work directly on your main chart, providing clear visual cues in the form of "Sell" and "Buy" labels, along with built-in alert conditions to keep you informed in real time.

How It Works:

Sell Signal:
When the RSI exceeds 70, the indicator sets an internal flag. If the RSI then falls back below 70, a sell signal is triggered. A red "Sell" label appears at the 70 level on your chart, and an immediate alert is generated.
Buy Signal:
When the RSI drops below 30, a flag is set. When the RSI subsequently rises above 30, a buy signal is triggered. A green "Buy" label appears at the 30 level on your chart, and an immediate alert is sent.
Key Features:

Customizable RSI Settings:
Adjust the RSI period and source to suit your trading strategy.
User-Enabled Signals:
Optionally enable or disable the sell and buy signals through intuitive settings.
Clear Visual Cues:
Displays red "Sell" labels and green "Buy" labels on your chart at fixed levels for easy identification of signals.
Built-in Alerts:
Immediate alerts and alert conditions are integrated, allowing you to set TradingView alerts based on the RSI crossing the specified thresholds.
Overlay on Main Chart:
Designed to be used with overlay=true, so all labels are drawn directly on your main chart without interfering with your candlestick display.
Usage:
Simply add the indicator to your chart, configure the input parameters as desired, and let it automatically notify you of potential trading signals based on the RSI. Whether you’re a beginner or an experienced trader, the RSI Sell/Buy Signal indicator provides a straightforward, visual method to catch market turns.

Elevate your trading strategy by automating signal detection with the RSI Sell/Buy Signal indicator!

3 days ago

Release Notes

RSI Sell/Buy Signal Indicator

Overview:
The RSI Sell/Buy Signal Indicator is a powerful tool designed for TradingView that automatically identifies potential entry and exit points using the Relative Strength Index (RSI). This invite-only indicator is designed to work directly on your main chart, providing clear visual signals with "Sell" and "Buy" labels based on RSI behavior.

How It Works:

Sell Signal: When the RSI reaches 75 or above, the indicator sets an internal flag. When the RSI subsequently falls and crosses under 70, a sell signal is triggered. A red "Sell" label appears on the chart at the 70 level, and an alert condition is available to notify you immediately.
Buy Signal: Conversely, when the RSI falls to 25 or below, a flag is set. If the RSI later recovers and crosses over 30, a buy signal is generated. A green "Buy" label is drawn on the chart at the 30 level, accompanied by an alert condition to keep you informed.
Key Features:

Customizable RSI Settings: Adjust the RSI period and source to match your trading strategy.
Clear Visual Signals: The indicator overlays "Sell" and "Buy" labels directly on your chart, making it easy to spot potential signals.
Built-in Alerts: Instant alerts and alert conditions ensure that you never miss a potential signal.
Invite-Only Script: Keep your source code private while sharing the indicator with a select group of trusted users.
Usage:
Simply add the RSI Sell/Buy Signal Indicator to your chart, customize the settings if needed, and let it automatically alert you when the RSI meets the specified conditions. Whether you're a seasoned trader or a beginner, this indicator offers a straightforward way to integrate RSI signals into your trading strategy.