RSI Targeted Pivots

"Targeted RSI Pivots" is an innovative indicator designed to assist traders in identifying potential price targets based on user-defined RSI levels. Unlike traditional RSI indicators, this script calculates and projects pivot levels (L3, L2, L1, P, S1, S2, S3) using a unique algorithm that integrates RSI data from a selectable timeframe. Traders can customize RSI targets, toggle individual levels, and adjust visual settings to suit their analysis needs—all overlaid directly on the price chart for seamless integration into their workflow.
This script stands out by offering a novel approach to RSI-based analysis, combining multi-timeframe RSI calculations with dynamic price projections. It empowers traders with actionable insights into potential support and resistance zones, enhancing decision-making in various market conditions.
The source code is kept closed to protect the proprietary methodology behind the pivot calculations and to safeguard the intellectual property developed through extensive research and testing. By publishing it as a protected script in the Public Library, I aim to share this valuable tool with the TradingView community while preserving the uniqueness of its design. This ensures that traders can benefit from its functionality without compromising the innovative logic that drives it.