About This Indicator
RSI Prediction by Range Segmentation divides the RSI's historical range into segments (e.g. 0–30, 30–50, 50–70, 70–100) and analyses how RSI has typically moved after entering each segment. Using this pattern database, it plots a projected RSI path forward for the next N bars as a dashed extension line.
This gives traders a forward-looking view of momentum particularly useful for anticipating overbought or oversold conditions 3–10 bars before they occur, allowing for better entry timing.
Key Features
- Projected RSI path plotted as a dashed forward extension
- Range segmentation with configurable boundaries
- Pattern matching from configurable historical lookback window
- Works as a standalone RSI panel replaces the standard RSI
- Available on TradingView (Pine v5) and MetaTrader 4 (MQL4)
- Alert when forecast path crosses overbought/oversold thresholds
How to Use
- If the forecast path shows RSI heading toward 70+, prepare for a potential sell setup
- If the forecast path shows RSI heading toward 30–, prepare for a potential buy setup
- Ignore forecast when current RSI is in the 40–60 neutral zone low signal value
- Best used on 4H and Daily timeframes for swing trade planning
- Combine with price structure for entry confirmation don't enter on forecast alone