OPEN-SOURCE SCRIPT

RSI Rangebound Area

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RSI Rangebound Area is a Pine Script v6 indicator that automatically detects consolidation zones where both price and RSI stay within user-defined thresholds. During a rangebound period it:

Shades the background to highlight consolidation

Places “Range Start” and “Range End” labels at the beginning and end

Displays an info table (RSI value, price range %, RSI range, current state: Rangebound/Trending)

Key Inputs

RSI Length

Overbought / Oversold Levels

Range Detection Period

Max Price Range (%)

Max RSI Range

Toggle for “Please add RSI(14) indicator” reminder

Ideal for spotting flat markets and refining breakout or mean-reversion entries. Free and open-source—feel free to customize and contribute!

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.