RSI Swing Trading Setup (2-Period)

9 kwi 2022

A simple script that adjusts the RSI visibly in order to better accommodate swing trading and certain swing trading setups/strategies.

--------------------------------------------------------------------------------------------------------------------------------------------------------

Best used in conjunction with "Linear Regression Channel by LonesomeTheBlue" with 2.2σ (std.dev) and Show Fib Levels.
https://www.tradingview.com/script/efXI515C-Linear-Regression-Channel/
^Click image for a redirect to that script.

--------------------------------------------------------------------------------------------------------------------------------------------------------

In certain price action patterns:

• A bearish reversal from a previously bullish move can indicate tops of a rally if the RSI moves from 0-40 to 60 (1)
  
  
• A bullish reversal from a previously bearish move can indicate bottoms of a pullback if the RSI moves from 60-100 to 40 (2)
  

(USE THE LINEAR REGRESSION CHANNEL TO VALIDIFY THE RETRACEMENTS)

--------------------------------------------------------------------------------------------------------------------------------------------------------

(1)

--------------------------------------------------------------------------------------------------------------------------------------------------------

(2)

--------------------------------------------------------------------------------------------------------------------------------------------------------