INVITE-ONLY SCRIPT
RSI Trend Zone Oscillator
//version=6
// Copyright (C) 2024 [ramumaurya]. All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is not permitted without explicit permission.
- 🕒 **📊 RSI Trend Zone Oscillator — Script Overview 🚀**
---
**🛡️ 1. Script Name:**
**RSI Trend Zone Oscillator**
---
**🎯 2. Purpose:**
- This script enhances the **Relative Strength Index (RSI)** by visually highlighting **bullish** and **bearish trend zones**.
- It helps traders identify **overbought** and **oversold conditions** more effectively while simplifying **trend analysis**.
---
**⚙️ 3. How It Works:**
- 📈 **Stepped RSI Line:** For better clarity and visualization.
- 🟢 **Green Zones:** Indicate **bullish RSI trends**.
- 🔴 **Red Zones:** Highlight **bearish zones**.
---
**📝 4. How to Use:**
- 🟢 Use **green zones** to spot potential **buying opportunities**.
- 🔴 Use **red zones** to identify **selling** or **profit-booking points**.
- 🔄 Pay attention to **crossovers** around **overbought (70)** and **oversold (30)** levels.
---
**✨ 5. Unique Features:**
✅ **Clear trend zone coloring:** Green for bullish, Red for bearish.
✅ **Stepped RSI line:** Ensures precise visualization.
---
**⚠️ 6. Limitations:**
- ⚠️ Best used in combination with other **technical analysis tools**.
- ⚠️ May produce **false signals** during highly **volatile market conditions**.
---
**📚 7. User Guide:**
- 🕒 Works seamlessly across multiple timeframes.
- 📊 Combine with **MACD** and **Volume indicators** for improved accuracy.
---
**📝 8. Disclaimer:**
The script titled **"RSI Trend Zone Oscillator"** has been created in compliance with **TradingView House Rules** and **community guidelines**.
- ✅ It is an **original work** and does not infringe on **intellectual property rights**.
- ✅ The script does not contain **misleading, inappropriate, or harmful content**.
- ✅ It adheres to **ethical coding standards** and includes **clear instructions** for users.
- ✅ **Transparency** is maintained regarding the script's **purpose**, **functionality**, and **limitations**.
⚠️ While every effort has been made to ensure the script functions as intended, **ramumaurya** cannot guarantee **flawless performance** or **suitability for all trading strategies**.
🧠 **Users are advised to exercise due diligence and use the script at their discretion and risk.**
// Copyright (C) 2024 [ramumaurya]. All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is not permitted without explicit permission.
- 🕒 **📊 RSI Trend Zone Oscillator — Script Overview 🚀**
---
**🛡️ 1. Script Name:**
**RSI Trend Zone Oscillator**
---
**🎯 2. Purpose:**
- This script enhances the **Relative Strength Index (RSI)** by visually highlighting **bullish** and **bearish trend zones**.
- It helps traders identify **overbought** and **oversold conditions** more effectively while simplifying **trend analysis**.
---
**⚙️ 3. How It Works:**
- 📈 **Stepped RSI Line:** For better clarity and visualization.
- 🟢 **Green Zones:** Indicate **bullish RSI trends**.
- 🔴 **Red Zones:** Highlight **bearish zones**.
---
**📝 4. How to Use:**
- 🟢 Use **green zones** to spot potential **buying opportunities**.
- 🔴 Use **red zones** to identify **selling** or **profit-booking points**.
- 🔄 Pay attention to **crossovers** around **overbought (70)** and **oversold (30)** levels.
---
**✨ 5. Unique Features:**
✅ **Clear trend zone coloring:** Green for bullish, Red for bearish.
✅ **Stepped RSI line:** Ensures precise visualization.
---
**⚠️ 6. Limitations:**
- ⚠️ Best used in combination with other **technical analysis tools**.
- ⚠️ May produce **false signals** during highly **volatile market conditions**.
---
**📚 7. User Guide:**
- 🕒 Works seamlessly across multiple timeframes.
- 📊 Combine with **MACD** and **Volume indicators** for improved accuracy.
---
**📝 8. Disclaimer:**
The script titled **"RSI Trend Zone Oscillator"** has been created in compliance with **TradingView House Rules** and **community guidelines**.
- ✅ It is an **original work** and does not infringe on **intellectual property rights**.
- ✅ The script does not contain **misleading, inappropriate, or harmful content**.
- ✅ It adheres to **ethical coding standards** and includes **clear instructions** for users.
- ✅ **Transparency** is maintained regarding the script's **purpose**, **functionality**, and **limitations**.
⚠️ While every effort has been made to ensure the script functions as intended, **ramumaurya** cannot guarantee **flawless performance** or **suitability for all trading strategies**.
🧠 **Users are advised to exercise due diligence and use the script at their discretion and risk.**
Skrip hanya-undangan
Akses ke skrip ini dibatasi hanya bagi pengguna yang telah diberi otorisasi oleh penulisnya dan biasanya membutuhkan pembayaran untuk dapat menggunakannya. Anda dapat menambahkannya ke favorit anda, tetapi anda hanya akan dapat menggunakannya setelah meminta izin dan mendapatkan aksesnya dari pembuat skripnya. Hubungiramumaurya untuk informasi lebih lanjut, atau ikuti instruksi penulisnya dibawah ini.
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Instruksi penulis
Inggin menggunakan skrip ini pada chart?
Peringatan: harap membaca sebelum meminta akses.
Pernyataan Penyangkalan
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