RSI is used to identify the strength of the trend and its limited between 0 and 100 and it fluctuates in this range. The most important levels are 50, 70 and 30
but I added other areas to it , including 89 and 13 , 61 and 38 Fibonacci levels and correction percentages i also add some other levels witch can act as a good
resistance and support areas .
this version is high smoothed version which means noises are taken so you can use crossovers to , they are so good for scalping .
actually crossovers are the confirmation of divergences Bull & Bearish divergence as well as hidden Bull & Bearish divergences
u can take confirmation from candlestick to .divergences is almost similar to macd divergences but with more filters
divergence is when price action is making two or more successive local highs or lows and the RSI oscillator makes a lower high or higher low .
color alert in oversold and over bought
two plot around baseline witch is a breakout confirmation very useful for scalping
colors ,setting ,everything coded. As default so u dont need to change it