OPEN-SOURCE SCRIPT
Minimalist RSI - Nasdaq (14) with Volume Filter and Alerts
Description:
This indicator shows the standard RSI (period 14) adapted for Nasdaq, with a clean and minimalist design. It adds visual levels for overbought (75) and oversold (25), plus an optional centerline 50 to better interpret momentum.
It incorporates a high volume visual filter to confirm signals and avoid false entries in low-interest conditions. Buy and sell signals are based on RSI crosses in extreme zones, optionally filtered by volume to improve reliability.
You can enable automatic alerts to receive notifications when important signals occur.
How to use:
Watch the RSI and its position relative to overbought/oversold zones and the 50 line.
Wait for high volume confirmation for greater reliability (you can disable this filter if preferred).
Use buy and sell signals alongside your price action and overall context analysis to make decisions.
Set alerts to not miss opportunities.
Important Notice:
This indicator is a support tool, not a complete strategy. Trading involves risks and no guarantees. Always use risk management and test the indicator on a demo before using it live.
Personal note:
This is my first script and I would love to receive constructive feedback to improve and offer better tools to the community. Thanks for trying it!
Motivational phrase:
“No risk, no reward.”
This indicator shows the standard RSI (period 14) adapted for Nasdaq, with a clean and minimalist design. It adds visual levels for overbought (75) and oversold (25), plus an optional centerline 50 to better interpret momentum.
It incorporates a high volume visual filter to confirm signals and avoid false entries in low-interest conditions. Buy and sell signals are based on RSI crosses in extreme zones, optionally filtered by volume to improve reliability.
You can enable automatic alerts to receive notifications when important signals occur.
How to use:
Watch the RSI and its position relative to overbought/oversold zones and the 50 line.
Wait for high volume confirmation for greater reliability (you can disable this filter if preferred).
Use buy and sell signals alongside your price action and overall context analysis to make decisions.
Set alerts to not miss opportunities.
Important Notice:
This indicator is a support tool, not a complete strategy. Trading involves risks and no guarantees. Always use risk management and test the indicator on a demo before using it live.
Personal note:
This is my first script and I would love to receive constructive feedback to improve and offer better tools to the community. Thanks for trying it!
Motivational phrase:
“No risk, no reward.”
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.