RSI + Psy + ADX P2RSI + Psy + ADX
This indicator combines multi-length RSI analysis with the Psychological Line (PSY) and ADX trend strength to highlight reversal zones, emotional extremes, and trend conditions in a single unified panel.
๐น Features
1๏ธโฃ Triple RSI with Dynamic Colors
Displays Short / Mid / Long RSI values (9 / 26 / 52 by default)
Line color changes based on RSI levels:
๐ด Overbought (above 68)
๐ข Oversold (below 32)
โช Neutral market conditions
Fixed zone levels at 70 / 50 / 30 for simple visual analysis
2๏ธโฃ Psychological Line (PSY) Extreme Signal
Measures the percentage of bearish candles in the selected period
Only highlights emotional extremes (overbought & oversold conditions)
Red/Green histogram makes market sentiment easy to read
3๏ธโฃ ADX Trend Strength Detector
Confirms trend momentum using ADX
Color-coded levels:
๐ต Weak trend
๐ก Moderate trend
๐ด Strong trend (possible trend continuation)
Helps avoid counter-trend trades during strong momentum
4๏ธโฃ RSI Background Highlight (Mid-term RSI Only)
Background turns RED in overbought area
Background turns GREEN in oversold area
Provides fast and clean recognition of reversal zones
๐ฏ Best Uses
Identifying low-risk reversal entry zones
Avoiding entries against strong trends
Confirming momentum and sentiment alignment
Useful for scalping, day-trading, and swing-trading strategies
๐ก Tip
For higher precision, combine this indicator with:
๐น Support/Resistance Levels
๐น Candlestick Reversal Patterns
๐น Volume Spikes or Breakout Tools
Indicador Pine Scriptยฎ















