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Bullish Shooting Range
The Bullish Shooting Range is a multi-timeframe RSI-based indicator designed to detect potential bullish reversal zones when the market shows oversold conditions across several timeframes.
What It Does:
✅ Multi-Timeframe RSI Analysis: Monitors RSI values across six selectable timeframes simultaneously (default: 1min to 2hr).
✅ Oversold Signal Detection: Highlights a signal when any of the RSI values fall below your defined oversold threshold (default: 35).
✅ Visual Cue on Chart: When an oversold condition is detected on any timeframe, the background of the current candle is shaded green, indicating a possible bullish opportunity.
✅ Customizable Settings: You can modify the RSI length, oversold level, and all six timeframes directly in the input panel.
✅ Alert-Ready: Built-in alert condition lets you receive real-time notifications when an oversold RSI level is triggered on one or more timeframes.
This tool helps traders spot moments of potential exhaustion in downward momentum, especially when several timeframes align, making it ideal for bullish reversal setups and dip buying strategies.
You will get the best results if you only use the 1 minute chart in settings and as timeframe.
What It Does:
✅ Multi-Timeframe RSI Analysis: Monitors RSI values across six selectable timeframes simultaneously (default: 1min to 2hr).
✅ Oversold Signal Detection: Highlights a signal when any of the RSI values fall below your defined oversold threshold (default: 35).
✅ Visual Cue on Chart: When an oversold condition is detected on any timeframe, the background of the current candle is shaded green, indicating a possible bullish opportunity.
✅ Customizable Settings: You can modify the RSI length, oversold level, and all six timeframes directly in the input panel.
✅ Alert-Ready: Built-in alert condition lets you receive real-time notifications when an oversold RSI level is triggered on one or more timeframes.
This tool helps traders spot moments of potential exhaustion in downward momentum, especially when several timeframes align, making it ideal for bullish reversal setups and dip buying strategies.
You will get the best results if you only use the 1 minute chart in settings and as timeframe.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.