OPEN-SOURCE SCRIPT
TRI - RSI Overlay Viewer

DESCRIPTION:
Advanced RSI and Stochastic RSI indicator with visual signals on price chart.
Combines RSI momentum analysis with Stochastic RSI oversold/overbought detection.
FEATURES:
SIGNALS:
STRATEGY USAGE:
Advanced RSI and Stochastic RSI indicator with visual signals on price chart.
Combines RSI momentum analysis with Stochastic RSI oversold/overbought detection.
FEATURES:
- RSI with customizable smoothing (EMA)
- Stochastic RSI with K and D lines
- Background coloring for oversold/overbought zones
- Visual shape signals for key crossover events
- Alert system for all signal types
SIGNALS:
- Small Circle (Green): StochRSI crosses above oversold threshold
- Small Circle (Red): StochRSI crosses below overbought threshold
- Triangle Up (Green): RSI crosses above oversold threshold (stronger signal)
- Triangle Down (Red): RSI crosses below overbought threshold (stronger signal)
STRATEGY USAGE:
- Triangle signals = Primary entry/exit signals (RSI confirmation)
- Circle signals = Early warning signals (StochRSI only)
- Use higher timeframes for trend confirmation
- Combine with price action and support/resistance levels
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.