OPEN-SOURCE SCRIPT
Reverse RSI [R] – Predictive RSI Price Levels
Reverse RSI [R] – Predictive RSI Price Levels
Description
This indicator is a modified and enhanced version of the original "Reverse RSI" by Franklin Moormann (cheatcountry), published under the MIT License. It estimates the price levels at which the RSI would reach specific thresholds, typically RSI = 30 (oversold) and RSI = 70 (overbought), based on current market conditions.
Key Features
Calculates price levels corresponding to RSI = 30 and RSI = 70
Helps forecast potential support and resistance zones based on RSI targets
Automatically updates with each new candle
Supports custom RSI length and price source (close, hl2, ohlc4, etc.)
Designed for traders who want to anticipate momentum extremes before they occur
Use Cases
Estimate how far the price must move to reach RSI oversold or overbought levels
Plan limit entries or exits based on projected RSI thresholds
Combine with standard RSI or other indicators for confirmation and analysis
Credits
This script is based on the original "Reverse RSI" by Franklin Moormann (cheatcountry) and released under the MIT License.
Modified and maintained by bitcoinrb.
Description
This indicator is a modified and enhanced version of the original "Reverse RSI" by Franklin Moormann (cheatcountry), published under the MIT License. It estimates the price levels at which the RSI would reach specific thresholds, typically RSI = 30 (oversold) and RSI = 70 (overbought), based on current market conditions.
Key Features
Calculates price levels corresponding to RSI = 30 and RSI = 70
Helps forecast potential support and resistance zones based on RSI targets
Automatically updates with each new candle
Supports custom RSI length and price source (close, hl2, ohlc4, etc.)
Designed for traders who want to anticipate momentum extremes before they occur
Use Cases
Estimate how far the price must move to reach RSI oversold or overbought levels
Plan limit entries or exits based on projected RSI thresholds
Combine with standard RSI or other indicators for confirmation and analysis
Credits
This script is based on the original "Reverse RSI" by Franklin Moormann (cheatcountry) and released under the MIT License.
Modified and maintained by bitcoinrb.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.