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aamonkey

RSI Top & Bottom Warning [aamonkey]

aamonkey  
Relative Strength Index (RSI) rsi_overbought rsi_oversold topfinder bottomfinder BTC
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relativestrengthindex rsi_overbought rsi_oversold topfinder bottomfinder btc
An enhancement of my RSI Bottom Indicator.

This one finds you Tops & Bottoms.

This indicator uses the RSI and prints you top & bottom warnings directly on the price chart.

The other special thing about this is that the RSI pulls the data from the weekly chart no matter on what timeframe you are on.

The preferred timeframe can, of course, be changed in the settings as well as any thresholds for tops and bottoms.

The default settings are very good for btc, but be free to try and test this indicator with different settings on different charts.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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