RSI with an Opinion (UO) — Indicator by umur.ozkul

relativestrengthindex trendanalysis decisionpoint decision signal signals buysignal sellsignal

This RSI has a very clear idea about when to buy and sell. It plots buy and sell signals. It is an expert system. Yes, of course, it can make some errors. You should have used stop-loss

Release Notes:

Added purple arrows. Purple arrows are not a final decision. They are how it is likely to decide in the next step

Release Notes:

Refactored the decision into a single pine function so that it can be easily used in other scripts

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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