RSI V-PILOT

RSI V-PILOT

Concept

Uses RSI to determine the active trade mode (Buy/Sell):

When RSI crosses down into the Oversold (OS) zone ⇒ a SELL label appears and the system switches to the Sell mode.

When RSI crosses up into the Overbought (OB) zone ⇒ a BUY label appears and the system switches to the Buy mode.

The indicator remembers its current state and will not show duplicate labels as long as it remains in the same mode.

How to Use
Add the indicator to your chart.
Works on any symbol and timeframe.

Set up the inputs:
RSI Length: default = 14
Overbought Level (OB): default = 70
Oversold Level (OS): default = 30

Confirm on bar close: turn ON to confirm signals only at bar close (recommended)

Read the signals:
A BUY label appears when RSI crosses above the Overbought level → switch to Buy mode.
A SELL label appears when RSI crosses below the Oversold level → switch to Sell mode.

While remaining in the same mode, no new labels will be created.