OPEN-SOURCE SCRIPT

CM RSI

59
Description
This indicator plots ladder-style buy signals based on RSI oversold “cycles.”

BUY1 triggers after RSI closes ≤ Oversold for at least two consecutive candles.

Additional buys (BUY2, BUY3, …) can only occur after RSI re-arms by closing back above the oversold level, then returning oversold for two+ closes, and price is at least X% below the last entry price.
The “last entry” reference updates after every buy, allowing unlimited rebuys with a dynamic step-down.

Notes

Signals are generated on closed bars only (non-repainting behavior).

You can optionally set a Start Time to ignore earlier history and avoid off-screen state.

Choose whether the % drop check uses Close or Low depending on how strict you want confirmation.

Inputs
RSI length/source, oversold level, rebuy drop %, price check source, entry storage source, start time/baseline options, and display controls.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.