Trading-Focused RSI with Quality Signals

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Overview
Transforms the classic Relative Strength Index into a comprehensive trading system that delivers clear, high-quality signals. Unlike basic RSI indicators that leave interpretation to the trader, TraderRSI filters out noise and highlights only the most promising trading opportunities.
Key Features
Signal Quality Over Quantity

• Smart Divergence Detection that identifies only significant, tradable divergences (not every minor oscillation)
  
• Automated Signal Confirmation requiring persistence for multiple bars to eliminate false signals
  
• Clear BUY/SELL Labels appear only on high-probability setups where multiple conditions align
  

Enhanced Visualization

• Color-Coded RSI Line instantly communicates bullish/bearish momentum
  
• Signal Line Crossovers to confirm trend changes early
  
• Trend-Based Background Coloring providing immediate market context
  
• Uncluttered Chart designed specifically for day traders and swing traders
  

Integrated Market Context

• Optional Trend Filter using a 50-period moving average for directional bias
  
• Overbought/Oversold Zones with subtle background highlighting
  
• Divergence Strength Filtering ensures only meaningful divergences are displayed
  

Trading Applications
For Day Traders
Find precise entry and exit points with clear visual signals. Divergence signals combined with RSI crossovers provide powerful intraday setups.
For Swing Traders
The quality-focused signal system identifies only high-probability trend reversals, perfect for multi-day positions. Background coloring provides immediate trend context.
For Investors
Easily identify overbought or oversold conditions in your watchlist. The trend filter helps distinguish between temporary pullbacks and major reversals.
How to Use

1. Strong Buy Signal: When a green "BUY" label appears, RSI has crossed above the oversold level with bullish divergence confirmation and (optional) trend alignment
   
2. Strong Sell Signal: When a red "SELL" label appears, RSI has crossed below the overbought level with bearish divergence confirmation and (optional) trend alignment
   
3. Alert System: Set alerts on any of the eight customizable conditions to never miss a quality trade setup
   

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