Elite RSI Strategy

Elite RSI Strategy
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🔍 Overview
The Elite RSI Strategy combines multiple technical indicators into a unified visual toolkit, providing deep insights into market strength, reversals, and momentum shifts. Designed for serious traders who value confluence, clarity, and customizability.

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📊 Core Components
🔸 Relative Strength Index (RSI)
• Classic RSI calculation with customizable length and price source.
• Dynamic background shading on RSI/MA crosses.
• Gradient fills highlight overbought and oversold zones.
• Alerts on RSI-MA crossovers for bullish or bearish momentum signals.
🔸 Smoothing Moving Averages (MA)
• Choose from SMA, EMA, SMMA, WMA, or VWMA.
• Configurable length and style.
• MA plotted over RSI for cross signal visualization.
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🔸 WaveTrend Oscillator (WT)
• Built-in WaveTrend calculation using dual smoothing.
• Color-coded histogram based on oscillator direction:
o 🟢 Green: Bullish momentum
o 🔴 Red: Bearish momentum
• Optional candle coloring based on WT sentiment.
• Alert system for WT trend shifts.
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🔸 Money Flow Index (MFI) [Centered & Custom]
• Centered around 0 for clear trend polarity:
o Positive → Bullish Bias
o Negative → Bearish Bias
• Includes custom MFI smoothing, not available in standard indicators.
• Custom levels plotted: +30, +15, 0, -15, -30 for confluence.
• Dynamic color changes on zero-line crosses.
• Alert-ready behavior on trend shifts.
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🖌️ Customization & Styling
• Toggle visibility for:
o RSI
o WT
o MFI
o Bar Colors
o Level Lines
• Style options for all plot types: line, area, or columns.
• Full color customization for bullish and bearish signals.
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🚨 Built-In Alerts
• 📈 RSI crosses above MA
• 📉 RSI crosses below MA
• 🔄 RSI/MA Cross (any)
• 🟢 WT turns Bullish
• 🔴 WT turns Bearish
• 🔁 WT Direction Change
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🧠 Why Use Elite RSI Strategy?
• Combines momentum, volume flow, and trend structure.
• Helps filter false signals through multi-layer confluence.
• Increases confidence in entry/exit decisions.
• Fully customizable to suit any trading style.
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Disclaimer:
This indicator script is intended for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any asset.
Always seek guidance from a licensed financial advisor or broker. You are solely responsible for your own trading decisions.
Thank you.