Pulse RSI | Lyro RS

Pulse RSI | Lyro RS

The Pulse RSI is a momentum oscillator that enhances the traditional RSI by incorporating volume-weighted price and linear regression. It generates multiple trading signals, including trend shifts, overbought/oversold conditions, and custom threshold levels.

By integrating both price and volume into its calculation, Pulse RSI is more robust and responsive than the standard RSI. This helps you identify trends faster, spot potential reversals sooner, and set up custom alerts based on your own strategy.

Key Features
Four Signal Types:

Type 1 (Trend): Triggers when the indicator's current value crosses its previous value, highlighting short-term momentum shifts.
Type 2 (Midline Trend): The classic midline cross. A bullish bias is indicated above 50, while a bearish bias is indicated below 50.
Type 3 (Overbought/Oversold): Flags potential reversal zones, suggesting where buying or selling opportunities may emerge.
Type 4 (Custom Thresholds): This type lets you define your own threshold levels. Instead of following a trend, use it to mark your specific conditions for a reversal. For example, set a long reversal at a low level (e.g., 5) for an early buy signal, or a short reversal at a high level (e.g., 80) for an early sell signal.



Calculation Method:
The indicator uses a volume-weighted price (Close * High * Low) and applies linear regression to smooth the data. This creates a unique and more stable oscillator, avoiding the chaotic movement seen in others.

Color System:
Choose from multiple color themes like Classic, Mystic, Accented, and Royal, or create your own custom colors for bullish and bearish signals.

Visual Plotting:
Features a clear plot with a glow effect, a midline, adjustable threshold lines, and shapes/labels to mark long/short and overbought/oversold signals.



Alerts:
Instant alerts are available for every signal type, which you can quickly enable based on your trading conditions.

How It Works:
Core Calculation
The indicator calculates a volume-weighted price using (Close * High * Low) multiplied by the absolute volume. This value is then smoothed with linear regression and converted into an oscillator, normalized to a 0-100 scale.

Trading Logic:
Bullish Signals: Trigger when the main plot line crosses above a key level—be it the previous value, the 50 midline, or a custom threshold.
Bearish Signals: Trigger when the main plot line crosses below a key level.

Visual Logic:
The system displays a main plot line, colors candles, and plots signal shapes, all customizable through a variety of color schemes.
Practical Use
Trend Confirmation (Types 1 & 2): Use Type 1 for early momentum shifts and Type 2 to confirm the overall trend direction.

Reversals (Type 3): Consider long entries when oversold signals fire, suggesting an asset is undervalued. Look for exits at overbought signals, which suggest a potential downward reversal.

Custom Thresholds (Type 4): Set tight thresholds to catch early trends and reversals. Be aware that more sensitive settings may also increase false positives.



Customization:
Adjust the Length: A higher setting makes the indicator more suited for long-term trends, while a lower setting makes it more sensitive for short-term moves.
Enable/Disable Signals: Turn the four signal types on or off to match your trading style.
Set Your Levels: Fully adjustable thresholds for Type 4 long/short conditions.
Choose Your Colors: Select from a variety of color schemes for all bullish and bearish elements.

⚠️ Disclaimer
This indicator is a tool for technical analysis and does not guarantee results. It should be used alongside other analysis methods and solid risk management practices. The creators are not responsible for any financial decisions made based on its signals.