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RSI with Background & Out-of-Range Alert

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RSI with Out-of-Range Alert

This indicator enhances the classic Relative Strength Index (RSI) by adding a visual mid-zone highlight and a simple, effective alert system:

Key Features
• RSI Calculation: Standard RSI with customizable length and source.
• range between oversold (30) and overbought (70). This makes it easy to visually separate trend-neutral conditions from potential reversal zones.
• Clear Overbought/Oversold Levels: Horizontal lines at 70 and 30 to mark key thresholds.
• Out-of-Range Alert: Built-in alert condition triggers when RSI moves above 70 or below 30 — a single alert for both extremes.

Why Use It?

This indicator helps traders:
• Quickly identify when the market is in a neutral zone versus extreme conditions.
• Avoid missing potential breakout/reversal setups by receiving an automatic alert when RSI exits the normal range.
• Keep charts clean and focused by shading only the mid-zone, leaving extreme areas visually clear.

Best Use Cases
• Works on any market and timeframe.
• Ideal for traders who combine RSI extremes with price action, trend filters, or divergence strategies.
• Perfect for those who want simple visual clarity and minimal distractions.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.