RSI Volatility Suppression Zones [BigBeluga]

🔵Key Features:
- Detection of Suppression Zones:
- Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart.
- Breakout Visualization:
- When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout.
- If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout.
- Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum.
- Wave Labels for Consolidation:
- If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range.
- Gradient Intensity Below RSI:
- A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period.
- This visual aid helps traders gauge how extended the low volatility phase is.
🔵Usage:
- Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals.
- Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves.
- Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases.
- Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential.
RSI Volatility Suppression Zones [BigBeluga] provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.