OPEN-SOURCE SCRIPT

RSI Trendline Pro - Multi Confirmation

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Overview
RSI Trendline Pro is an advanced Pine Script indicator that automatically draws trendlines on the RSI (Relative Strength Index) to detect support and resistance breakouts. It generates high-quality trading signals through a multi-confirmation system.​

Key Features
Auto Trendlines: Detects pivot points on RSI to create intelligent support and resistance lines​

Multi-Confirmation System: Combines Volume, Stochastic RSI, ADX, and Divergence filters to reduce false signals​

RSI Divergence Detection: Automatically identifies bullish/bearish divergences between price and RSI​

Live Dashboard: Displays RSI value, active trendlines, ADX strength, and last signal info on a visual panel​

Smart Breakout Detection: Identifies trendline breaks and generates LONG/SHORT signals​

How to Use
Add to TradingView: Paste code into Pine Editor and add to chart

Configure Parameters:

RSI Length: RSI period (default: 14)​

Pivot Strength: Trendline sensitivity (lower = more lines)​

Filters: Enable/disable Volume, Divergence, Stoch RSI, and ADX confirmations​

Follow Signals:

LONG (Green): When RSI breaks resistance upward​

SHORT (Red): When RSI breaks support downward​

Divergence: "D" markers indicate potential trend reversals​

Alert Setup
Script offers 4 alert types:​

LONG Breakout: Resistance break

SHORT Breakout: Support break

Bullish/Bearish Divergence: Divergence detection

Any Signal: Combined alert for all signals

Best Practices
Prioritize high-volume breakouts (Volume Filter enabled)​

Trends are stronger when ADX > 25​

Confirm divergence signals with price action​

Trade when 2-3 confirmations align

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