by 
This indicator plots optional candlestick pattern signals on the price chart. It detects engulfing bars, inside bars, HOLP and LOHP, kicker patterns, body-mass extremes, higher highs and lower lows, ATR warnings, and four-bar fractals. Optional pivot marks use
Indicator · Pine Script v5 · On the chart
RSI Chart Signals
This indicator plots a customized RSI line on the price chart along with buy and sell signals triggered by bullish and bearish engulfing candle patterns.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code63
Settings6inputs
LicenceNone stated
Last update2 years ago13 Sep 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
RSI Chart Signals calculates RSI using a user-adjustable length and custom overbought and oversold thresholds. Signals occur when the RSI condition and a matching candle pattern align, drawing upward green triangles for buys and downward red triangles for sells. The script also plots ATR-based stop losses using a lookback period, take profit targets scaled by the risk-reward ratio, and the RSI levels themselves. All elements draw directly on the price chart. The main settings control lookback, RSI length, overbought and oversold values, ATR multiplier, and risk-reward. It has no built-in stop loss beyond the plotted ATR levels.
- RSI oscillator with custom levels
- Bullish bearish engulfing detection
- ATR stop loss and take profit
- Signal plotshapes on chart
- Lookback swing filter
Details
Published by
Web3Degenerate on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Candlestick patterns, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Lookback | int | 7 | lookback |
| RSI Length | int | 7 | rsiLen |
| RSI Overbought | float | 80.0 | rsiOB |
| RSI Oversold | float | 20.0 | rsiOS |
| ATR Multiplier | float | 1.0 | multiplier |
| Risk:Reward | float | 1.0 | rr |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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