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RSI + Support/Resistance Zones + EMA
This indicator enhances the RSI with support and resistance zones and an EMA.
RSI: a regular RSI (default: orange / 14 period)
EMA: an EMA on the RSI (default: light gray / 10 period)
RSI support/resistance zones
SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI.
SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI.
The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional. The SR zones are described in the first chapter which is available in the preview section on Amazon.
RSI-EMA
The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA.
Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
RSI: a regular RSI (default: orange / 14 period)
EMA: an EMA on the RSI (default: light gray / 10 period)
RSI support/resistance zones
SR-Zones for bull markets: In a bull market the price tends to find resistance between 80 and 90 and support between 40 and 50 RSI.
SR-Zones for bear markets: In a bear market the price tends to find resistance between 55 and 65 and support between 20 and 30 RSI.
The concept of these support and resistance zones has been popularized by Constance Brown in her book Technical Analysis for the Trading Professional. The SR zones are described in the first chapter which is available in the preview section on Amazon.
RSI-EMA
The EMA on the RSI can also be used as support and resistance. For example, you can be use it for a simple strategy such as the following: In an uptrend after a significant correction during which the RSI has been below the EMA for some time, wait for the RSI to cross above the EMA to go long and exit (partially) after the RSI crossed down the EMA.
Hint: All visual elements (RSI, EMA, support zones) can be enabled/disabled and adjusted individually.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。