OPEN-SOURCE SCRIPT
RSI Zones - Directional Entry Strict
RSI Zones - Directional Entry Strict
When RSI returns to the 60–65 zone from above, momentum is weakening and a sell is valid; above 65 suggests the zone may break. The same applies for buys at 35–40: returning from below signals momentum loss, while below 35 indicates likely breakout. Only consider divergence above 65 or below 35 for high-probability reversal setups.
When RSI returns to the 60–65 zone from above, momentum is weakening and a sell is valid; above 65 suggests the zone may break. The same applies for buys at 35–40: returning from below signals momentum loss, while below 35 indicates likely breakout. Only consider divergence above 65 or below 35 for high-probability reversal setups.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.