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Advanced CRSI with Buy/Sell Signals

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This is a custom indicator based on the Connor's RSI (CRSI) concept. It's designed to identify overbought and oversold conditions to generate potential buy and sell signals.

How it works: The indicator is a composite of three components:

RSI of Price: A standard RSI calculation on the closing price.

RSI of Up/Down Streaks: An RSI on consecutive up or down closes, which helps measure momentum.

Percentage Rank of ROC: This component measures the rate of change and is used to identify strong moves.

Features:

  • Plots the combined CRSI value.
  • Visualizes buy and sell signals directly on the chart using colored triangles.
  • Includes adjustable oversold and overbought levels for customization.
  • Provides alerts for potential trading signals.


Ideal for: Swing traders and day traders looking for an oscillator to confirm entry and exit points.

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