RSI Panel Pro [UgurTash]

RSI Panel Pro [UgurTash]

A clean, feature-rich RSI panel designed by UgurTash. It displays RSI momentum, a signal line, a histogram and pivot markers all in one dedicated pane below your chart.

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WHAT IS INCLUDED
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RSI Line
The main RSI line changes color dynamically based on direction. Green when RSI is rising, red when RSI is falling. This gives you an instant read on momentum without needing to analyze the curve.

Signal Line (EMA of RSI)
A smoothed EMA applied directly to the RSI value. When RSI crosses above the signal line it indicates building bullish momentum. When RSI crosses below, bearish momentum is building. You can adjust the signal line length to suit your trading style.

RSI Histogram
Shows the distance between RSI and the 50 midline as a bar chart. Green bars above zero indicate bullish momentum. Red bars below zero indicate bearish momentum. The histogram makes it easy to spot momentum shifts at a glance.

Overbought and Oversold Zones
Clearly shaded zones above and below your defined overbought and oversold levels. The background of the panel also changes color when RSI enters these extreme zones, giving you an immediate visual alert.

Pivot Markers
Green and red circles appear directly on the RSI line at confirmed pivot highs and lows. These correspond to the same pivot points used by the divergence indicator. Set the Pivot Left and Pivot Right values here to match your settings in the main indicator for perfect alignment.

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SETTINGS GUIDE
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RSI Length
Match this to the RSI Length in the Divergence Scalper. Default is 14.

Overbought / Oversold Levels
Default values are 70 and 30. You can tighten these to 75 and 25 for fewer but more extreme signals, or loosen to 65 and 35 for earlier warnings.

Signal Line Length
Default is 9. Lower values make the signal line more reactive. Higher values make it smoother and reduce false crossovers.

Show RSI Histogram
Toggle the histogram bars on or off depending on your preference.

Show Pivot Markers
Toggle the green and red circles on the RSI line. Set Pivot Left and Pivot Right to match your divergence indicator settings exactly.

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HOW TO READ THE PANEL
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Strong Bullish Setup:
RSI below 30, RSI line turning green, histogram bars crossing from red to green, RSI crossing above signal line, green circle pivot marker visible.

Strong Bearish Setup:
RSI above 70, RSI line turning red, histogram bars crossing from green to red, RSI crossing below signal line, red circle pivot marker visible.

Momentum Shift Warning:
Watch for RSI and signal line crossovers near the 50 midline. These often precede trending moves and can confirm divergence signals from the main indicator.

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STATS PANEL
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A small information table in the top right corner of the RSI pane displays:
- Current RSI value (color coded by zone)
- Signal EMA value
- Current zone status: Overbought, Oversold or Neutral

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RECOMMENDED USE
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This panel is designed to complement the RSI Divergence Scalper [UgurTash Pro]. Use both together:

Step 1: A divergence label appears on the price chart from the main indicator.
Step 2: Check this RSI panel to confirm RSI is in the correct zone and momentum is turning.
Step 3: Look for RSI crossing above or below the signal line as additional confirmation.
Step 4: Enter the trade with greater confidence.

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NOTES
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- Works on all markets and timeframes.
- Always match RSI Length and Pivot settings to your Divergence Scalper settings.
- No indicator guarantees profitable trades. Always use proper risk management.

Created by UgurTash