This RSI script will show you the following things:
When the RSI moves between the green lines (40 - 80++) we are in a Bull market. If the RSI moves between the middle green and red line (40-60) we have some sideways action. And yes, when the RSI is between the red lines (60 - 20--) we can say that we are in a Bear market.
The dashed lines in between are on every 10 points on the RSI.
All colors and lines are customisable.
The real MVP of this scrip is the RSI Divergence spotter. A little green or red triangle will show up on the chart when a RSI Divergence is formed. The Divergence is only shown when it happens in overbought (70+) or oversold (30-) regions to avoid too many signals.
I highly recommend not to jump in on every signal you get, but also use multiple reasons, like Elliot Wave or fib levels, before entering a trade.
If you want access, just send a message please.
Much love from Baby Whale!! πβ€οΈπ³
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Bullish Divergence maximum RSI from 30 to 40. Bearish Divergence minimum RSI from 70 to 60.
@yingzhong.xu, thank you for the interest in the script!!
Please join Baby Whale's Beach Club here -> t.me/BabyWhalesBeachClub You'll find all info about the script and how to get access!!