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INVITE-ONLY SCRIPT

RSI Exhaustion • Minimalist Trading

By a.b
Updated
The RSI Exhaustion is an essential replacement of the standard RSI indicator because it is able to identify and highlight hidden exhaustion levels.

The indicator is crucial, even to the novice trader, to accurately spot trend reversal or trend continuation opportunities particularly when the RSI is neither overbought nor oversold. Additionally, the RSI Exhaustion becomes helpful in confirming extreme overbought or oversold RSI conditions.

By identifying hidden exhaustion levels, the RSI Exhaustion indicator represents an essential support to the trader in effectively reading the market and taking only the best opportunities.

The indicator is available via subscription and you can enjoy a free trial. To know more about the indicator and start the trial simply visit the link below.

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Release Notes
Algorithm optimization
Release Notes
Ability to display a Custom Channel and trigger alerts only when RSI is inside or outside the channel.
Release Notes
Update to alerts
Release Notes
Added support to decimal numbers to Custom Channel high/low levels
Release Notes
Update to the latest Pine version
Release Notes
  • Combined exhaustion alerts
  • Overall code optimization
  • Update to Pine Script v.5

Release Notes
Bug fix to colors after update to Pine Script v.5
advancedsignalbarsbottomstopssignalbreakoutpivotalbarslevelsandzonesminimalisttradingOscillatorsrsiexhaustionsentimentindexTrend Analysis
a.b
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📈 MINIMALIST TRADING INDICATORS

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact a.b for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

″You can try the RSI Exhaustion and the other Minimalist Trading indicators by requesting a trial on https://minimalisttrading.com

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Warning: please read before requesting access.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.