Optimal RSI Analysis: Utilizing historical data, the script identifies the most effective RSI length, offering a tailored approach to momentum analysis.
Machine Learning Augmentation: Harness the power of KNN (k-Nearest Neighbors) and other machine learning techniques to refine RSI signals, aiming for enhanced accuracy and reliability.
Customizable Settings: Tailor the indicator to your trading style with adjustable parameters such as RSI lookback length, RSI count, and specific machine learning settings.
Dynamic Visuals: View the RSI and its moving average on your chart, accentuated with Bollinger Bands and distinct color-coded areas to denote overbought and oversold zones. Bullish and Bearish Signals: Easily spot trading opportunities with clear visual cues for bullish and bearish RSI crossings.
Automated Alerts: Stay ahead of the market with automated alerts that notify you of potential trading conditions based on the indicator's analysis.
Performance Metrics Display: A dedicated on-chart table shows the optimal RSI length and corresponding profit percentage, offering insights into the indicator's effectiveness.
Adaptive Algorithm: The script smartly adjusts its parameters based on the current chart timeframe and conditions, ensuring optimal performance across diverse market environments.