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RSI Channel Trigger
Indicator
106 downloads
Version 1.0, Nov 2025
Windows, Mac
Since 03/10/2024
Sales
135
Free installs
27439
"RSI Channel Trigger" uploaded image"RSI Channel Trigger" uploaded image"RSI Channel Trigger" uploaded image

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RSI CHANNEL TRIGGER: 📶

What it is: An indicator that calculates the RSI(period) and visually marks momentum zones when the RSI crosses the overbought/oversold thresholds (default 70/30). ✅

https://chartshots.spotware.com/c/69278f8b6d973

Logic: When a threshold is crossed, it creates a "zone" based on the high/low of the candle at the moment of the crossover. It then: 🧠

  • Colors the candles inside that zone.
  • Draws a channel (high, low, mid).
  • Marks the crossover on the RSI panel with a circle and a label.
    The zone lasts for exactly MinZoneDuration bars. ⏱️

Clear signals:

  • Crossover above Overbought → initiates a bullish zone. 🟢
  • Crossover below Oversold → initiates a bearish zone. 🔴
    The zone itself is an area of interest, not an order.

https://chartshots.spotware.com/c/69278fb274e0b

How to use (quick):

  1. Wait for the zone to form. 🎯
  2. Confirm with price action (breakout/rejection from the channel lines).
  3. Enter with a stop loss outside the zone and a target at the mid-channel line or a defined Risk/Reward ratio.

 

https://chartshots.spotware.com/c/69278fe76237b

Key Parameters: ⚙️

  • RSI Period (14)
  • Overbought (70)
  • Oversold (30)
  • MinZoneDuration (15)
  • Configurable colors 🎨
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