RSI + Psy + ADX P2

RSI + Psy + ADX

This indicator combines multi-length RSI analysis with the Psychological Line (PSY) and ADX trend strength to highlight reversal zones, emotional extremes, and trend conditions in a single unified panel.

🔹 Features

1️⃣ Triple RSI with Dynamic Colors

Displays Short / Mid / Long RSI values (9 / 26 / 52 by default)

Line color changes based on RSI levels:
🔴 Overbought (above 68)
🟢 Oversold (below 32)
⚪ Neutral market conditions

Fixed zone levels at 70 / 50 / 30 for simple visual analysis

2️⃣ Psychological Line (PSY) Extreme Signal

Measures the percentage of bearish candles in the selected period

Only highlights emotional extremes (overbought & oversold conditions)

Red/Green histogram makes market sentiment easy to read

3️⃣ ADX Trend Strength Detector

Confirms trend momentum using ADX

Color-coded levels:
🔵 Weak trend
🟡 Moderate trend
🔴 Strong trend (possible trend continuation)

Helps avoid counter-trend trades during strong momentum

4️⃣ RSI Background Highlight (Mid-term RSI Only)

Background turns RED in overbought area

Background turns GREEN in oversold area

Provides fast and clean recognition of reversal zones

🎯 Best Uses

Identifying low-risk reversal entry zones

Avoiding entries against strong trends

Confirming momentum and sentiment alignment

Useful for scalping, day-trading, and swing-trading strategies

💡 Tip

For higher precision, combine this indicator with:
🔹 Support/Resistance Levels
🔹 Candlestick Reversal Patterns
🔹 Volume Spikes or Breakout Tools