PROTECTED SOURCE SCRIPT
RSI Cardwell by 0xHide
RSI Cardwell by 0xHide
📊 Indicator Description
Advanced RSI indicator based on Andrew Cardwell's methodology with automatic Regular Divergence detection. This indicator uses Cardwell's revolutionary approach to RSI interpretation, which differs significantly from traditional overbought/oversold levels.
🎯 Cardwell's Methodology
Unlike the traditional RSI interpretation (30/70 levels), Cardwell's method identifies market regimes:
Bull Market Zone (40-80):
RSI oscillates between 40-80 in uptrends
40 = Bull Support (look for longs)
80 = Normal resistance in strong uptrend
Bear Market Zone (20-60):
RSI oscillates between 20-60 in downtrends
60 = Bear Resistance (look for shorts)
20 = Normal support in strong downtrend
Neutral Zone (40-60):
Gray zone indicating market indecision
Trend transition area
📈 Divergence Detection
The indicator automatically detects Regular Divergences:
✅ Bullish Divergence (Green):
Price makes Lower Low (LL)
RSI makes Higher Low (HL)
Signal: Potential reversal to upside
✅ Bearish Divergence (Red):
Price makes Higher High (HH)
RSI makes Lower High (LH)
Signal: Potential reversal to downside
⚙️ Settings
RSI Length: Default 14 (adjustable)
Pivot Lookback Left/Right: Controls pivot sensitivity (default 5)
Min/Max Lookback Range: Defines the range for divergence scanning (5-60 bars)
Toggle Bull/Bear Divergences: Show/hide each type
🎨 Visual Features
Color-coded zones (Green/Red/Gray)
Clear Cardwell levels (20, 40, 60, 80)
Automatic divergence lines and labels
Clean, professional interface
🔔 Alerts
Built-in alert conditions for both bullish and bearish divergences.
💡 Best For
Cryptocurrency trading
Swing trading
Price Action analysis
Trend reversal identification
Multi-timeframe analysis
📚 How to Use
Look for RSI behavior within Cardwell zones to identify trend
Wait for divergence signals for potential reversals
Combine with price action and support/resistance levels
Use alerts to catch divergences in real-time
📊 Indicator Description
Advanced RSI indicator based on Andrew Cardwell's methodology with automatic Regular Divergence detection. This indicator uses Cardwell's revolutionary approach to RSI interpretation, which differs significantly from traditional overbought/oversold levels.
🎯 Cardwell's Methodology
Unlike the traditional RSI interpretation (30/70 levels), Cardwell's method identifies market regimes:
Bull Market Zone (40-80):
RSI oscillates between 40-80 in uptrends
40 = Bull Support (look for longs)
80 = Normal resistance in strong uptrend
Bear Market Zone (20-60):
RSI oscillates between 20-60 in downtrends
60 = Bear Resistance (look for shorts)
20 = Normal support in strong downtrend
Neutral Zone (40-60):
Gray zone indicating market indecision
Trend transition area
📈 Divergence Detection
The indicator automatically detects Regular Divergences:
✅ Bullish Divergence (Green):
Price makes Lower Low (LL)
RSI makes Higher Low (HL)
Signal: Potential reversal to upside
✅ Bearish Divergence (Red):
Price makes Higher High (HH)
RSI makes Lower High (LH)
Signal: Potential reversal to downside
⚙️ Settings
RSI Length: Default 14 (adjustable)
Pivot Lookback Left/Right: Controls pivot sensitivity (default 5)
Min/Max Lookback Range: Defines the range for divergence scanning (5-60 bars)
Toggle Bull/Bear Divergences: Show/hide each type
🎨 Visual Features
Color-coded zones (Green/Red/Gray)
Clear Cardwell levels (20, 40, 60, 80)
Automatic divergence lines and labels
Clean, professional interface
🔔 Alerts
Built-in alert conditions for both bullish and bearish divergences.
💡 Best For
Cryptocurrency trading
Swing trading
Price Action analysis
Trend reversal identification
Multi-timeframe analysis
📚 How to Use
Look for RSI behavior within Cardwell zones to identify trend
Wait for divergence signals for potential reversals
Combine with price action and support/resistance levels
Use alerts to catch divergences in real-time
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.