Cardwell RSI by TQ

📌 Cardwell RSI – Enhanced Relative Strength Index
This indicator is based on Andrew Cardwell’s RSI methodology, extending the classic RSI with tools to better identify bullish/bearish ranges and trend dynamics.

In uptrends, RSI tends to hold between 40–80 (Cardwell bullish range).
In downtrends, RSI tends to stay between 20–60 (Cardwell bearish range).

Key Features:

• Standard RSI with configurable length & source
  
• Fast (9) & Slow (45) RSI Moving Averages (toggleable)
  
• Cardwell Core Levels (80 / 60 / 40 / 20) – enabled by default
  
• Base Bands (70 / 50 / 30) in dotted style
  
• Optional custom levels (up to 3)
  
• Alerts for MA crosses and level crosses
  
• Data Window metrics: RSI vs Fast/Slow MA differences
  

How to Use:

1. Monitor RSI behavior inside Cardwell’s bullish (40–80) and bearish (20–60) ranges
   
2. Watch RSI crossovers with Fast (9) and Slow (45) MAs to confirm momentum or trend shifts
   [\*] Use levels and alerts as confluence with your trading strategy
   

Default Settings:

• RSI Length: 14
  
• MA Type: WMA
  
• Fast MA: 9 (hidden by default)
  
• Slow MA: 45 (hidden by default)
  
• Cardwell Levels (80/60/40/20): ON
  
• Base Bands (70/50/30): ON