RSI Momentum Signal

RSI Momentum Signal is a technical analysis indicator designed to highlight potential momentum-based reversal points using the Relative Strength Index (RSI).

This script combines short-term RSI momentum behavior with basic candle structure to visualize possible bullish and bearish reaction zones directly on the chart.

How It Works

A fast RSI-based momentum calculation is used to color price bars when short-term momentum reaches extreme levels.

Buy and Sell signals are generated when momentum conditions align with RSI overbought or oversold levels and basic candle direction.

All signals are plotted visually on the chart to support discretionary analysis.

Intended Use

This indicator is not a standalone trading system.
It is designed to be used as a supportive analytical tool together with other technical analysis methods such as trend structure, price action, and support/resistance levels.

Disclaimer

This script does not provide financial advice and does not guarantee any trading results.
All trading decisions remain the sole responsibility of the user.

Use this indicator for educational and analytical purposes only.