This RSI script will show you the following things:
When the RSI moves between the green lines (40 - 80++) we are in a Bull market.
If the RSI moves between the middle green and red line (40-60) we have some sideways action.
And yes, when the RSI is between the red lines (60 - 20--) we can say that we are in a Bear market.
The dashed lines in between are on every 10 points on the RSI .
All colors and lines are customisable.
The real MVP -1.38% of this scrip is the RSI Divergence spotter.
A little green or red triangle will show up on the chart when a RSI Divergence is formed.
The Divergence is only shown when it happens in overbought (70+) or oversold (30-) regions to avoid too many signals.
I highly recommend not to jump in on every signal you get, but also use multiple reasons, like Elliot Wave or fib levels, before entering a trade.
This Pro version is for paid subscribers of TradingView only.
It will give you the ability to create alert inside of TradingView.
If you want access, just send a message please.
Much love from Baby Whale!!
🙏❤️🐳