RSI+ (Satori)

Short Title: RSI+ (Satori)

Overview
The RSI HistoAlert Strategy with Bands is an advanced RSI-based indicator designed to provide a visual representation of RSI movements, highlighting overbought and oversold conditions

Key Features
✅ RSI Histogram Representation – Converts RSI values i
✅ Dynamic Bands – Uses a Fibonacci-based multiplier to generate upper and lower bands, helping traders recognize extreme price movements.
✅ **CustomizableCustomizable Alerts – Traders can set buy and sell alert levels to receive visual cues for potential trade entries.
✅ Adaptive Bar Coloring – T

How It Works
The RSI calculation is modified using a customizable period and scaling factor.
Standard deviation bands are computed using an SMA (Simple Moving Average) to create u
The histogram color changes based on RSI crossing predefined alert levels:
🔴 Red bars indicate bearish conditions.
🟢 Green bars indicate bullish cond
🔵 Neutral bars represent indecision.
The bar color of the main chart also adapts to the RSI signal, helping traders spot potential trend shifts.
Customization Options
RSI Period – Adjust the RSI calculation length.
Band Length – Configure the period use
Deviation Multiplier – Set the sensitivity of the bands with a Fi
Buy & Sell Alert Levels – Define thresholds for oversold and overbought zones.
RSI Histogram Modifier – Adjust the scaling o
Use Cases
📊 Trend Confirmation – Use i
🚀 Reversal Detection – Identify potential reversals when RSI crosses extr
📉 Divergence Analysis – Spot divergence between price act

Final Notes
This indicator is ideal for traders looking for an enhanced RSI visualization tool with custom alerts and adaptive bands. It canscalping, swing trading, and long-term investing.