Dynamic RSI with Volatility-Based Levels)

Dynamic RSI with Volatility-Based Levels is a smarter version of the classic RSI. Instead of using fixed overbought (70) and oversold (30) levels, this indicator adjusts the thresholds based on market volatility, using ATR as the reference.

📊 How it works:

The more volatile the market, the wider the RSI bands become.

In calm markets, the thresholds tighten to capture more sensitive reversals.

This helps reduce false signals during strong trends or erratic price moves.

✅ Features:

RSI with adjustable period

Volatility measured using ATR (% of price)

Dynamic overbought and oversold zones

Optional background highlights for extreme zones

🔍 Use cases:

Identify more reliable reversal zones in volatile markets

Avoid overreacting to RSI overbought/oversold in high-volatility phases

Use dynamic thresholds to refine entries and exits in momentum strategies