OPEN-SOURCE SCRIPT
Updated SwingSignal RSI Overlay Advanced
SwingSignal RSI Overlay Advanced
By BFAS
This advanced indicator leverages the Relative Strength Index (RSI) to pinpoint critical market reversal points by highlighting key swing levels with intuitive visual markers.
Key Features:
Detects overbought and oversold levels with customizable RSI period and threshold settings.
Visually marks swing points:
Red star (HH) for Higher Highs.
Yellow star (LH) for Lower Highs.
Blue star (HL) for Higher Lows.
Green star (LL) for Lower Lows.
Connects swings with lines, aiding in the analysis of market structure.
Optimized for use on the main chart (overlay), tracking candles in real time.
This indicator provides robust visual support for traders aiming to identify price patterns related to RSI momentum, facilitating entry and exit decisions based on clear swing signals.
By BFAS
This advanced indicator leverages the Relative Strength Index (RSI) to pinpoint critical market reversal points by highlighting key swing levels with intuitive visual markers.
Key Features:
Detects overbought and oversold levels with customizable RSI period and threshold settings.
Visually marks swing points:
Red star (HH) for Higher Highs.
Yellow star (LH) for Lower Highs.
Blue star (HL) for Higher Lows.
Green star (LL) for Lower Lows.
Connects swings with lines, aiding in the analysis of market structure.
Optimized for use on the main chart (overlay), tracking candles in real time.
This indicator provides robust visual support for traders aiming to identify price patterns related to RSI momentum, facilitating entry and exit decisions based on clear swing signals.
Release Notes
SwingSignal RSI Overlay AdvancedBy BFAS
This advanced indicator leverages the Relative Strength Index (RSI) to pinpoint critical market reversal points by highlighting key swing levels with intuitive visual markers.
Key Features:
Detects overbought and oversold levels with customizable RSI period and threshold settings.
Visually marks swing points:
Red star (HH) for Higher Highs.
Yellow star (LH) for Lower Highs.
Blue star (HL) for Higher Lows.
Green star (LL) for Lower Lows.
Connects swings with lines, aiding in the analysis of market structure.
Optimized for use on the main chart (overlay), tracking candles in real time.
This indicator provides robust visual support for traders aiming to identify price patterns related to RSI momentum, facilitating entry and exit decisions based on clear swing signals.
Release Notes
This advanced indicator leverages the Relative Strength Index (RSI) to pinpoint critical market reversal points by highlighting key swing levels with intuitive visual markers.Key Features:
Detects overbought and oversold levels with customizable RSI period and threshold settings.
Visually marks swing points:
Red star (HH) for Higher Highs.
Yellow star (LH) for Lower Highs.
Blue star (HL) for Higher Lows.
Green star (LL) for Lower Lows.
Connects swings with lines, aiding in the analysis of market structure.
Optimized for use on the main chart (overlay), tracking candles in real time.
This indicator provides robust visual support for traders aiming to identify price patterns related to RSI momentum, facilitating entry and exit decisions based on clear swing signals.
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.