OPEN-SOURCE SCRIPT
Fieolouis - RSI - Signals v2.6.1 (Symbols)
Fieolouis - RSI - Signals v2.6.1 (Symbols)
An advanced upgrade of the classic RSI, combining divergence, re-entry, and trend continuation signals with clean symbol-based visualization.
🔹 Key Features
RSI Core: Standard RSI with flexible moving averages (EMA, SMA, WMA, VWMA, SMMA, Bollinger Bands).
Divergence:
Regular & Hidden divergence detection.
Flexible pivot search (5–25 bars).
Max bars between pivots filter to reduce noise.
Re-entry Signals:
Detects RSI returning from Overbought/Oversold zones.
Optional confirmation: RSI crossing MA within last 3 bars.
Continuation Signals:
RSI crossing 50 aligned with trend direction.
Trend Filter (optional):
Only Long if RSI > MA1, only Short if RSI < MA1.
🔹 Visualization
RSI + MA + optional Bollinger Bands directly on the panel.
OB/OS zones with gradient shading, adjustable 75/25 or 80/20.
Symbols instead of text for clarity:
🔼 Re-Long = green arrow up
🔽 Re-Short = red arrow down
▲ Trend+ = teal triangle up
▼ Trend- = maroon triangle down
Divergence labels (Bull/Bear) can be toggled on/off.
🔹 Alerts
Ready-to-use alerts for all signal types:
Bullish / Bearish Divergence
Re-entry Long / Short
Continuation Bull / Bear
👉 Designed for both scalping & swing trading:
Divergence helps spot reversals.
Re-entry catches failed OB/OS breaks.
Continuation confirms ongoing trends.
An advanced upgrade of the classic RSI, combining divergence, re-entry, and trend continuation signals with clean symbol-based visualization.
🔹 Key Features
RSI Core: Standard RSI with flexible moving averages (EMA, SMA, WMA, VWMA, SMMA, Bollinger Bands).
Divergence:
Regular & Hidden divergence detection.
Flexible pivot search (5–25 bars).
Max bars between pivots filter to reduce noise.
Re-entry Signals:
Detects RSI returning from Overbought/Oversold zones.
Optional confirmation: RSI crossing MA within last 3 bars.
Continuation Signals:
RSI crossing 50 aligned with trend direction.
Trend Filter (optional):
Only Long if RSI > MA1, only Short if RSI < MA1.
🔹 Visualization
RSI + MA + optional Bollinger Bands directly on the panel.
OB/OS zones with gradient shading, adjustable 75/25 or 80/20.
Symbols instead of text for clarity:
🔼 Re-Long = green arrow up
🔽 Re-Short = red arrow down
▲ Trend+ = teal triangle up
▼ Trend- = maroon triangle down
Divergence labels (Bull/Bear) can be toggled on/off.
🔹 Alerts
Ready-to-use alerts for all signal types:
Bullish / Bearish Divergence
Re-entry Long / Short
Continuation Bull / Bear
👉 Designed for both scalping & swing trading:
Divergence helps spot reversals.
Re-entry catches failed OB/OS breaks.
Continuation confirms ongoing trends.
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.