RSI cyclic smoothed Pro

Cyclic Smoothed Relative Strength Indicator - Pro Version

The cyclic smoothed RSI indicator is an enhancement of the classic RSI, adding

• additional smoothing according to the market vibration,
  
• adaptive upper and lower bands according to the cyclic memory and
  
• using the current dominant cycle length as input for the indicator.
  

The cRSI is used like a standard indicator. The chart highlights trading signals where the signal line crosses above or below the adaptive lower/upper bands. It is much more responsive to market moves than the basic RSI.

The indicator uses the dominant cycle as input to optimize signal, smoothing and cyclic memory. To get more in-depth information on the cyclic-smoothed RSI indicator, please read Chapter 4 "Fine tuning technical indicators" of the book "Decoding the Hidden Market Rhythm, Part 1" available at your favorite book store.

Info: Pro Version
This is the actively maintained and continuously enhanced edition of my free, open-source indicator “RSI Cyclic Smoothed v2” which was recognized with a TradingView Editors’ Pick. The Pro Version will remain fully up to date with the latest Pine Script standards and will receive ongoing refinements and feature improvements, all while preserving the core logic and intent of the original tool. The legacy version will continue to be available for code review and educational purposes, but it will no longer receive updates. The legacy open-source version is here

Pro Features V1:
1) Leveraging multi-timeframe analysis
Indicator can be used on one chart by using different time frames at the same time. Read more on TradingView here.

2) Scoring feature added for scanning and filtering
This indicator now provides four distinct scoring states for both bullish and bearish conditions, making it fully compatible with the TradingView Screener.

Each score reflects a specific market phase based on RSI behavior, slope, and crossover signals.
Bullish States (Positive Scores)

• +1 – Bull Exhaustion: Price is above the upper threshold and still rising (upsloping).
  
• +2 – Bull Fatigue: Price is above the upper threshold but losing momentum (downsloping).
  
• +3 – Bull Exit: A fresh downward crossover has occurred.
  
• +4 – Recent Bull Exit: A downward crossover occurred within the recent lookback window.
  

Bearish States (Negative Scores)

• –1 – Bear Exhaustion: Price is below the lower threshold and still declining (downsloping).
  
• –2 – Bear Fatigue: Price is below the lower threshold but starting to turn upward (upsloping).
  
• –3 – Bear Exit: A fresh upward crossover has occurred.
  
• –4 – Recent Bear Exit: An upward crossover occurred within the recent lookback window.
  

The scoring states are shown in the indicator status panel when plotting the indicator on the chart. For a Screener run, use a generic cycle length setting.

How to determine the current active cycle length?
You can use the following additional tools to fine-tune the current dominant cycle length:
1. The advanced dyanmic Cycle Spectrum Scanner
2. The free Detremded Market Rhythm Oscillator