BETA TEST - The RSI Strength

RSI-Srength-beta-test

This is going to be a different way to look at the RSI. This is still in development but i want to see what you guys think of this.
Ill be offering this up as a 1 month test run for people to use free. Its not that itll be a paid indicator later on. This is to act as a filter against certain market trends and conditions. Id like to see how you guys use it against Support and Resistance areas and lets see what it plays for you when attempting breakouts.
To get a full detail of what this indicator is doing, check out the video I uploaded for this indicator. If you need a link, just ask.
Comment below showing off your best strategy to use this indicator even if you have to pair it with a secondary one.



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In traditional technical analysis, the Relative Strength Index (RSI) is widely used to assess the magnitude of recent price changes and determine whether a security is overbought or oversold.
RSI values oscillate between 50 and -50, with readings above 30 typically considered overbought and readings below -30 considered oversold.
While RSI provides valuable insights into momentum and potential reversal points, it has certain limitations, particularly in volatile or trending markets.

To address these limitations, the concept of "RSI Strength" is introduced.
RSI Strength is essentially a modified version of the RSI that calculates the amount of strength actually contained or exerted within its most recent move.

Overall, the concept of RSI Strength introduced here offers traders a more nuanced understanding of market dynamics beyond traditional RSI readings on a per candle basis. By taking note of the RSI STRENGTH readings, you can asses if the price movements were enough to shift the market into a new trend, break ranges and previous levels or be a perfect setup for a reversal since the RSI was in its overbought or oversold area and while in that status it breached its 100% of its own strength.

This is a bit of a contest. You guys are the BETA testers and YOU are going to come up with the strategies to use this tool. I already have my own methods. I want to see what YOUVE got to offer.

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Comments 70

CoffeeShopCrypto on Saturday, 06 April 2024 17:58

YOCKOOOOOO!!! youve been away for a long time. Not been active much here. keep in mind the requested rules for this inclusion. Ill remind below.

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

Otherwise.....i Hope you created GREATNESS with this one!

YOCKOOOOOO!!! youve been away for a long time. Not been active much here. keep in mind the requested rules for this inclusion. Ill remind below. access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access. Otherwise.....i Hope you created GREATNESS with this one!
pharaoh.master86 on Sunday, 07 April 2024 06:11

Hello. Can I get beta access please?

Hello. Can I get beta access please?
CoffeeShopCrypto on Sunday, 07 April 2024 18:13


CoffeeShopCrypto on Saturday, 06 April 2024 21:58

YOCKOOOOOO!!! youve been away for a long time. Not been active much here. keep in mind the requested rules for this inclusion. Ill remind below.

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

Otherwise.....i Hope you created GREATNESS with this one!

CoffeeShopCrypto on Saturday, 06 April 2024 21:58 YOCKOOOOOO!!! youve been away for a long time. Not been active much here. keep in mind the requested rules for this inclusion. Ill remind below. access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access. Otherwise.....i Hope you created GREATNESS with this one!
bahekzv on Sunday, 07 April 2024 11:45

Hi Eric, can I have access please? I'll be happy to test this

Hi Eric, can I have access please? I'll be happy to test this
CoffeeShopCrypto on Sunday, 07 April 2024 18:14

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

Otherwise.....i Hope you created GREATNESS with this one!

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access. Otherwise.....i Hope you created GREATNESS with this one!
roxxi on Monday, 08 April 2024 05:47

Hi Eric, I would love to test the new RSI. I am away for the next 15 days, but will not be taking my laptop with me. Can I still gain access to the RSI when I get back from holiday, or will I be too late to the party. I will reach out as soon as I get back. Is that OK. If you give me access now, I will loose out based on the 10 day rule, so best to gain access when I return.

Hi Eric, I would love to test the new RSI. I am away for the next 15 days, but will not be taking my laptop with me. Can I still gain access to the RSI when I get back from holiday, or will I be too late to the party. I will reach out as soon as I get back. Is that OK. If you give me access now, I will loose out based on the 10 day rule, so best to gain access when I return.
CoffeeShopCrypto on Tuesday, 09 April 2024 12:42

make the request when you return. then youll have it for 30 days going forward.

make the request when you return. then youll have it for 30 days going forward. :D
Crypto-Raptor on Monday, 08 April 2024 16:41

Alriiiight Coffee Master..... hit me with it! ;-)

Alriiiight Coffee Master..... hit me with it! ;-)
CoffeeShopCrypto on Tuesday, 09 April 2024 12:43

well that didnt take much to talk you into did it? LOL
it should be in your invite only scripts now. dont forget to report back with some strateg(ies) that you employ to this.
Thanks Raptor. I expect greatness from someone like you.

well that didnt take much to talk you into did it? LOL it should be in your invite only scripts now. dont forget to report back with some strateg(ies) that you employ to this. Thanks Raptor. I expect greatness from someone like you.
reverenddrops on Wednesday, 10 April 2024 20:57

Can I get access too please. Cheers

Can I get access too please. Cheers
CoffeeShopCrypto on Thursday, 11 April 2024 08:53

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

Otherwise.....i Hope you created GREATNESS with this one!

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access. Otherwise.....i Hope you created GREATNESS with this one!
technicalFalco6735 on Thursday, 11 April 2024 01:21

Hi Eric, will you let me try it to build a strategy with it?

Hi Eric, will you let me try it to build a strategy with it?
CoffeeShopCrypto on Thursday, 11 April 2024 08:52

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW
Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

Otherwise.....i Hope you created GREATNESS with this one!

access granted to the RSI Strength. Its now in your INVITE ONLY SCRIPTS on TRADINGVIEW Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access. Otherwise.....i Hope you created GREATNESS with this one!
Null on Thursday, 11 April 2024 17:04

Hi Eric,
Would you please grant me access - rednull360
Cheers

Hi Eric, Would you please grant me access - rednull360 Cheers
CoffeeShopCrypto on Friday, 12 April 2024 19:32

ur access has been added. make sure to follow the following closely.

Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

ur access has been added. make sure to follow the following closely. Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access.
roxxi on Wednesday, 17 April 2024 03:21

Hi Eric, I'm back from holiday ready & excited to test and participate in the RSI Beta. Please add me

Hi Eric, I'm back from holiday ready & excited to test and participate in the RSI Beta. Please add me
roxxi on Wednesday, 17 April 2024 06:19

Morning Eric, please grant me access to the RSI Strength participation indicator. Thanks

Morning Eric, please grant me access to the RSI Strength participation indicator. Thanks
CoffeeShopCrypto on Thursday, 18 April 2024 08:21

ur access has been added. make sure to follow the following closely.

Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator.
You can pair it with up to ONE other inidicator if you need to.
There is a group discussion specifically for the strategies in the group "Indicator Strategies"

Failure to follow this will result in
A) The indicator falls off your chart
B) When this is applied to the final indicator, you will not have access.

ur access has been added. make sure to follow the following closely. Dont forget the agreement is that you need to show a strategy (urs not someone elses) that you have developed for this indicator. You can pair it with up to ONE other inidicator if you need to. There is a group discussion specifically for the strategies in the group "Indicator Strategies" Failure to follow this will result in A) The indicator falls off your chart B) When this is applied to the final indicator, you will not have access.
Nabil on Sunday, 21 April 2024 14:42

Hi coffeeshopcrypto ,would you please give me access to this indicator ,thanks alot

Hi coffeeshopcrypto ,would you please give me access to this indicator ,thanks alot
solo on Sunday, 12 May 2024 12:34

Hi Eric! Can I be granted access, please ? I'll post my results and potential strategies. Thanks!

Hi Eric! Can I be granted access, please ? I'll post my results and potential strategies. Thanks!
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