OPEN-SOURCE SCRIPT
RSI Narratives
Description:
The RSI Narratives script aggregates Relative Strength Index (RSI) values across multiple cryptocurrency narratives or sectors, providing an easy-to-read visual and alert system for trend reversals and overbought/oversold conditions. This tool is designed for traders looking to track sector-specific trends and compare performance across AI, DeFi, Level 1 blockchains, and more.
Key Features:
RSI Aggregation by Sector: Calculates average RSI for key narratives, including AI, DeFi, Level 1 blockchains, new memes, and more.
Customizable RSI Settings: Adjust RSI period, line width, and label offsets for personalized analysis.
Dynamic Alerts: Receive alerts when a narrative enters overbought or oversold territory, helping you act quickly on market movements.
Clean Visualization: Overlay sector-specific SMA lines with distinct colors and optional labels for quick interpretation.
Multi-Narrative Comparison: Analyze trends across diverse narratives to identify emerging opportunities.
Parameters for Customization:
RSI Period: Set the lookback period for RSI calculations (default: 14).
Line Width: Adjust the thickness of plotted lines (default: 2).
Label Offset: Control label placement for better chart readability.
Overbought/Oversold Thresholds: Configure the RSI levels for alerts (default: 70/40).
How to Use:
Add the script to your TradingView chart.
Customize the RSI parameters to suit your trading strategy.
Monitor the plotted SMA lines to identify narrative-specific trends.
Set alerts for overbought and oversold conditions to stay informed in real time.
Alerts System:
Alerts trigger when a narrative crosses predefined overbought or oversold levels.
Text notifications suggest potential trading actions, such as selling on overbought or buying on oversold.
Intended Users:
This script is ideal for crypto traders, sector analysts, and market enthusiasts who want to track performance across narratives and gain actionable insights into sector rotations.
Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial advice. Please test on historical data and practice caution when trading.
The RSI Narratives script aggregates Relative Strength Index (RSI) values across multiple cryptocurrency narratives or sectors, providing an easy-to-read visual and alert system for trend reversals and overbought/oversold conditions. This tool is designed for traders looking to track sector-specific trends and compare performance across AI, DeFi, Level 1 blockchains, and more.
Key Features:
RSI Aggregation by Sector: Calculates average RSI for key narratives, including AI, DeFi, Level 1 blockchains, new memes, and more.
Customizable RSI Settings: Adjust RSI period, line width, and label offsets for personalized analysis.
Dynamic Alerts: Receive alerts when a narrative enters overbought or oversold territory, helping you act quickly on market movements.
Clean Visualization: Overlay sector-specific SMA lines with distinct colors and optional labels for quick interpretation.
Multi-Narrative Comparison: Analyze trends across diverse narratives to identify emerging opportunities.
Parameters for Customization:
RSI Period: Set the lookback period for RSI calculations (default: 14).
Line Width: Adjust the thickness of plotted lines (default: 2).
Label Offset: Control label placement for better chart readability.
Overbought/Oversold Thresholds: Configure the RSI levels for alerts (default: 70/40).
How to Use:
Add the script to your TradingView chart.
Customize the RSI parameters to suit your trading strategy.
Monitor the plotted SMA lines to identify narrative-specific trends.
Set alerts for overbought and oversold conditions to stay informed in real time.
Alerts System:
Alerts trigger when a narrative crosses predefined overbought or oversold levels.
Text notifications suggest potential trading actions, such as selling on overbought or buying on oversold.
Intended Users:
This script is ideal for crypto traders, sector analysts, and market enthusiasts who want to track performance across narratives and gain actionable insights into sector rotations.
Disclaimer:
This script is for educational and informational purposes only. It does not constitute financial advice. Please test on historical data and practice caution when trading.
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。