OPEN-SOURCE SCRIPT
Minimalist RSI - Nasdaq (14) with Volume Filter and Alerts
Description:
This indicator shows the standard RSI (period 14) adapted for Nasdaq, with a clean and minimalist design. It adds visual levels for overbought (75) and oversold (25), plus an optional centerline 50 to better interpret momentum.
It incorporates a high volume visual filter to confirm signals and avoid false entries in low-interest conditions. Buy and sell signals are based on RSI crosses in extreme zones, optionally filtered by volume to improve reliability.
You can enable automatic alerts to receive notifications when important signals occur.
How to use:
Watch the RSI and its position relative to overbought/oversold zones and the 50 line.
Wait for high volume confirmation for greater reliability (you can disable this filter if preferred).
Use buy and sell signals alongside your price action and overall context analysis to make decisions.
Set alerts to not miss opportunities.
Important Notice:
This indicator is a support tool, not a complete strategy. Trading involves risks and no guarantees. Always use risk management and test the indicator on a demo before using it live.
Personal note:
This is my first script and I would love to receive constructive feedback to improve and offer better tools to the community. Thanks for trying it!
Motivational phrase:
“No risk, no reward.”
This indicator shows the standard RSI (period 14) adapted for Nasdaq, with a clean and minimalist design. It adds visual levels for overbought (75) and oversold (25), plus an optional centerline 50 to better interpret momentum.
It incorporates a high volume visual filter to confirm signals and avoid false entries in low-interest conditions. Buy and sell signals are based on RSI crosses in extreme zones, optionally filtered by volume to improve reliability.
You can enable automatic alerts to receive notifications when important signals occur.
How to use:
Watch the RSI and its position relative to overbought/oversold zones and the 50 line.
Wait for high volume confirmation for greater reliability (you can disable this filter if preferred).
Use buy and sell signals alongside your price action and overall context analysis to make decisions.
Set alerts to not miss opportunities.
Important Notice:
This indicator is a support tool, not a complete strategy. Trading involves risks and no guarantees. Always use risk management and test the indicator on a demo before using it live.
Personal note:
This is my first script and I would love to receive constructive feedback to improve and offer better tools to the community. Thanks for trying it!
Motivational phrase:
“No risk, no reward.”
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.