RSI Breakout/Breakdown vs Highest/Lowest(N)

RSI Breakout/Breakdown vs Highest/Lowest(N)
موشر rsi
RSI Breakout/Breakdown vs Highest/Lowest (N) Bars

This TradingView indicator compares the current RSI value with the highest and lowest RSI values over the past N bars (excluding the current bar).

Breakout (RSI↑):
A green upward triangle is plotted below the bar when the RSI closes above the highest RSI value of the previous N bars.
→ This signals momentum strength and a potential bullish breakout.

Breakdown (RSI↓):
A red downward triangle is plotted above the bar when the RSI closes below the lowest RSI value of the previous N bars.
→ This signals momentum weakness and a potential bearish breakdown.

Alerts:
The script includes two separate alerts:

RSI Breakout Alert → triggers when RSI closes above the highest N-bar value.

RSI Breakdown Alert → triggers when RSI closes below the lowest N-bar value.

Inputs:

RSI Length → Default is 14.

Lookback Bars (N) → Default is 100 (can be adjusted).

Source → Default is Close price.

This indicator works on any timeframe (hourly, daily, etc.). The logic triggers only once per bar close to avoid false signals during live bar formation.