APX RSI
APX RSI User Guide
Introduction
The APX RSI indicator is the final core component of the APX Trading Indicator Suite, providing a customized Relative Strength Index (RSI) visualization on TradingView charts. Displayed in a separate pane below your price chart (non-overlay), it measures momentum and identifies overbought/oversold conditions, while also detecting regular and hidden divergences between price and RSI. This helps traders spot potential reversals, continuations, or exhaustion points in trends.
APX RSI is versatile across assets like stocks, forex, commodities, and cryptocurrencies, and works on various timeframes. It enhances the standard RSI with an averaged line, shaded zones, and divergence labels for clearer insights. For maximum effectiveness, integrate it with the suite's other indicators—such as APX Flow for trend confirmation, APX Pressure Boundary for level alignment, APX Bernoulli Break or APX Venturi Break for breakout filtering, and use divergences to validate tops/bottoms or reversals. This is not trading advice; combine with your analysis and risk management.
This guide covers adding the indicator, settings, interpretation, alerts, and tips. No proprietary details are shared.
Adding the Indicator to Your Chart
Open TradingView: Log in and open your desired asset chart on any timeframe.
Access Indicators: Click the "Indicators" button (fx icon) at the top.
Search for APX RSI: Type "APX RSI" (ensure it's from crypticcrypto11). Select it.
Add to Chart: Click "Add to Chart" or double-click. It appears in a new pane.
Customize Settings (Optional): Double-click the pane title or right-click and select "Settings" for toggles (below).
If inaccessible, check TradingView permissions.
User Inputs and Settings
APX RSI offers toggles for divergence visibility, with core parameters fixed. Adjust in settings:
Show Hidden Bear (Default: True): Enables dashed red lines and "Hidden Bear" labels for hidden bearish divergences.
Show Hidden Bull (Default: True): Toggles dashed green lines and "Hidden Bull" labels for hidden bullish divergences.
Show Bear Div (Default: True): Controls solid red lines and "Bear Div" labels for regular bearish divergences.
Show Bull Div (Default: True): Enables solid green lines and "Bull Div" labels for regular bullish divergences.
These allow focusing on specific signals. Updates apply instantly.
Visual Elements and Interpretation
APX RSI plots in a dedicated pane with lines, shades, and labels. Bounds are at 70 (overbought) and 30 (oversold). Read as:
1. RSI Line
Appearance: Thick orange line tracking the RSI value.
Behavior: Oscillates between 0-100 based on recent price changes.
Interpretation: Above 70 suggests overbought (potential sell); below 30 indicates oversold (possible buy). Crosses signal momentum shifts.
2. Average RSI Line
Appearance: Thick blue line smoothing the RSI.
Behavior: Averages RSI for reduced noise.
Interpretation: Confirms trends—rising blue line supports bulls; falling aids bears. Use crossings with orange line for signals.
3. Bound Lines and Shading
Upper Bound (70): Thick dashed red horizontal line.
Lower Bound (30): Thick dashed green horizontal line.
Neutral Zone: Transparent white shade between 30-70.
Overbought Shade: Vibrant red fill between RSI line and 70 when above (intensifies overbought visual).
Oversold Shade: Vibrant green fill between RSI line and 30 when below (highlights oversold).
Interpretation: Shades emphasize extremes—red warns of pullbacks in uptrends; green suggests bounces in downtrends. Neutral aids range identification.
4. Divergence Lines and Labels
Regular Bearish ("Bear Div" in Red, Solid Line): When price makes higher high but RSI lower high—signals weakening uptrend.
Hidden Bearish ("Hidden Bear" in Red, Dashed Line): Price lower high, RSI higher high—indicates uptrend continuation but potential exhaustion.
Regular Bullish ("Bull Div" in Green, Solid Line): Price lower low, RSI higher low—points to fading downtrend.
Hidden Bullish ("Hidden Bull" in Green, Dashed Line): Price higher low, RSI lower low—suggests downtrend persistence with caution.
Behavior: Detects within a max bar window post-pivots; labels at RSI peaks/troughs.
Interpretation: Regular divergences flag reversals; hidden signal continuations. Toggle off for simplicity.
Use holistically: Extremes + divergences = high-probability setups.
Setting Up Alerts
Pre-built alerts for divergences and crosses:
Create Alert: Right-click pane, "Add Alert," or via settings.
Conditions:
Bearish Divergence: "Bearish Divergence detected."
Hidden Bearish Divergence: "Hidden Bearish Divergence detected."
Bullish Divergence: "Bullish Divergence detected."
Hidden Bullish Divergence: "Hidden Bullish Divergence detected."
RSI Crossed Above 70: "RSI crossed above 70."
RSI Crossed Below 30: "RSI crossed below 30."
Customize: Bar close, messages, notifications.
Manage: In Alerts panel.
Tip: Alerts for timely scans; confirm visually.
Best Practices and Tips
Timeframe Versatility: Any frame; shorter for momentum, longer for swings.
Asset Use: All types; shine in oscillating markets.
Suite Integration:
With APX Flow: Filter tops/bottoms with RSI extremes/divergences.
With APX Pressure Boundary: Align divergences near zones.
With APX Bernoulli/Venturi Break: Avoid breakouts in overbought/oversold.
Multi-Indicator: Use RSI to validate suite signals.
Strategies:
Mean Reversion: Trade oversold bounces with bull div.
Trend Filter: Hidden div for continuations.
Divergence Priority: Regular > hidden for reversals.
Risk: Stops beyond extremes; avoid solo use.
Customization: Toggle divergences for focus.
Testing: Replay to review accuracy.
For the GitBook project, now that we have guides for all five indicators (APX Flow, APX Pressure Boundary, APX Bernoulli Break, APX Venturi Break, and APX RSI), could you provide details on the overall structure, like the mission statement, table of contents, getting started section, and account management? Also, do you have any specific integration examples across the suite or want to include screenshots/diagrams?
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