OPEN-SOURCE SCRIPT
Low Price RSI Crossover

This Pine Script indicator is a Multi-Timeframe Low RSI Crossover system that combines three key filtering criteria to identify high-probability buy signals. Here's what it does:
Core Concept
The indicator only generates buy signals when all three conditions are met simultaneously:
Price at Multi-Period Low: Current price must be at or near the lowest point within your selected timeframe (1 week to 5 years, or custom)
RSI Momentum Shift: The smoothed RSI must cross above its signal line (EMA), indicating upward momentum
Below Threshold Entry: Both the RSI and its signal line must be below your threshold level (default 50) when the crossover occurs
Key Features
RSI Smoothing: Uses Hull Moving Average (HMA) to smooth the raw RSI, reducing noise and false signals while maintaining responsiveness.
Flexible Timeframes: Choose from predefined periods (1W, 2W, 3W, 1M, 2M, 3M, 6M, 9M, 1Y, 2Y, 3Y, 5Y) or set a custom number of bars.
Visual Feedback:
Plots the smoothed RSI (blue line) and its signal line (red line)
Shows threshold and overbought levels
Highlights signal bars with green background
Displays tiny green triangles at signal points
Real-time status table showing all conditions
Trading Logic
This is essentially a mean-reversion strategy that waits for:
Price to reach significant lows (value zone)
Momentum to start shifting upward (RSI crossover)
Entry from oversold/neutral territory (below 50 RSI)
Why This Works
By requiring price to be at multi-period lows, you avoid buying during downtrends or sideways chop. The RSI crossover confirms that selling pressure is starting to ease, while the threshold filter ensures you're not buying into overbought conditions.
The combination of these filters should significantly reduce false signals compared to using any single indicator alone.
Core Concept
The indicator only generates buy signals when all three conditions are met simultaneously:
Price at Multi-Period Low: Current price must be at or near the lowest point within your selected timeframe (1 week to 5 years, or custom)
RSI Momentum Shift: The smoothed RSI must cross above its signal line (EMA), indicating upward momentum
Below Threshold Entry: Both the RSI and its signal line must be below your threshold level (default 50) when the crossover occurs
Key Features
RSI Smoothing: Uses Hull Moving Average (HMA) to smooth the raw RSI, reducing noise and false signals while maintaining responsiveness.
Flexible Timeframes: Choose from predefined periods (1W, 2W, 3W, 1M, 2M, 3M, 6M, 9M, 1Y, 2Y, 3Y, 5Y) or set a custom number of bars.
Visual Feedback:
Plots the smoothed RSI (blue line) and its signal line (red line)
Shows threshold and overbought levels
Highlights signal bars with green background
Displays tiny green triangles at signal points
Real-time status table showing all conditions
Trading Logic
This is essentially a mean-reversion strategy that waits for:
Price to reach significant lows (value zone)
Momentum to start shifting upward (RSI crossover)
Entry from oversold/neutral territory (below 50 RSI)
Why This Works
By requiring price to be at multi-period lows, you avoid buying during downtrends or sideways chop. The RSI crossover confirms that selling pressure is starting to ease, while the threshold filter ensures you're not buying into overbought conditions.
The combination of these filters should significantly reduce false signals compared to using any single indicator alone.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.