RSI Cardwell by 0xHide

RSI Cardwell by 0xHide


📊 Indicator Description
Advanced RSI indicator based on Andrew Cardwell's methodology with automatic Regular Divergence detection. This indicator uses Cardwell's revolutionary approach to RSI interpretation, which differs significantly from traditional overbought/oversold levels.
🎯 Cardwell's Methodology
Unlike the traditional RSI interpretation (30/70 levels), Cardwell's method identifies market regimes:
Bull Market Zone (40-80):

RSI oscillates between 40-80 in uptrends
40 = Bull Support (look for longs)
80 = Normal resistance in strong uptrend

Bear Market Zone (20-60):

RSI oscillates between 20-60 in downtrends
60 = Bear Resistance (look for shorts)
20 = Normal support in strong downtrend

Neutral Zone (40-60):

Gray zone indicating market indecision
Trend transition area

📈 Divergence Detection
The indicator automatically detects Regular Divergences:
✅ Bullish Divergence (Green):

Price makes Lower Low (LL)
RSI makes Higher Low (HL)
Signal: Potential reversal to upside

✅ Bearish Divergence (Red):

Price makes Higher High (HH)
RSI makes Lower High (LH)
Signal: Potential reversal to downside

⚙️ Settings

RSI Length: Default 14 (adjustable)
Pivot Lookback Left/Right: Controls pivot sensitivity (default 5)
Min/Max Lookback Range: Defines the range for divergence scanning (5-60 bars)
Toggle Bull/Bear Divergences: Show/hide each type

🎨 Visual Features

Color-coded zones (Green/Red/Gray)
Clear Cardwell levels (20, 40, 60, 80)
Automatic divergence lines and labels
Clean, professional interface

🔔 Alerts
Built-in alert conditions for both bullish and bearish divergences.
💡 Best For

Cryptocurrency trading
Swing trading
Price Action analysis
Trend reversal identification
Multi-timeframe analysis

📚 How to Use

Look for RSI behavior within Cardwell zones to identify trend
Wait for divergence signals for potential reversals
Combine with price action and support/resistance levels
Use alerts to catch divergences in real-time