RSI Reversal Pure

What it is
A minimalist overlay for very short-term crude-oil plays. It waits for RSI to reach an extreme, snap back through a user-defined level and then prints a single arrow. A built-in timer starts immediately; when the clock runs out the trade is marked “✓” or “✗” and the scoreboard updates. What you see on the chart • One arrow at a time – no clutter, no repainting. • A label that follows price and shows entry price, live P&L and the seconds left on the clock. • Optional background tint the moment a signal is generated or the timer expires. • A two-column table (lifetime vs. today) that tracks hit-rate, average return, longest winning/losing streak and current draw-down. Core ideas under the hood (no formulas) 1. Pure reversal – the arrow only fires when RSI crosses back through an oversold/overbought threshold. 2. Location check – an optional slow-moving average keeps you on the right side of the prevailing drift. 3. Volume sanity – Chaikin Money Flow must agree (can be switched off). 4. Momentum gate – MACD can be added as an extra hurdle. 5. Self-audit – every arrow is followed for N seconds, graded, and stored so the script displays a live report card instead of a beauty picture. User knobs you can turn without touching code • RSI length and the two extreme levels. • Timer length – default is 10 minutes but you can set anything from 1 min to several hours. • Trend filter – disable for counter-trend scalps or enable to stay with the bigger drift. • Chaikin and MACD on/off – use either, both or none. • Visual prefs – toggle arrows, labels, background flashes and the statistics table. Typical workflow 1. Drop the indicator on a 1- or 5-minute crude-oil chart. 2. Wait for an arrow that agrees with your session bias (London, New-York, API, etc.). 3. Use the timer as a built-in exit rule or as a back-stop for your own target/stop. 4. Watch the scoreboard for a few sessions; if the win-rate stays above your personal threshold you can gradually increase size, if it drops you re-calibrate or pause. No secret sauce – just a disciplined RSI reversal timer that prints its own homework.