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Market Structure RSI
The Market Structure RSI is an innovative indicator that combines traditional RSI analysis with market structure principles to provide more accurate overbought/oversold signals. Filters out false signals by requiring structure confirmation. A powerful base script to extend with HorizonAI.
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What's Included
Structure + RSI confluence
Divergence confirmation
Filtered BOS signals
RSI overbought/oversold context
Higher probability setups
Alert on confirmed breaks
Source Code Preview
Get the full PineScript v6 source code—use it as a foundation and build on top of it with HorizonAI.
1//@version=6
2indicator("Market Structure RSI", overlay=true)
3// ─────────────────────────────────────
4// Market Structure RSI - Full Source Code
5// ─────────────────────────────────────
6
7// Input Settings
8pivotLen = input.int(5, "Pivot Length")
9showLabels = input.bool(true, "Show Labels")
10
11// Core Logic
12pivotHigh = ta.pivothigh(high, pivotLen, pivotLen)
13pivotLow = ta.pivotlow(low, pivotLen, pivotLen)
14
15// Structure Detection
16var float lastHigh = na
17var float lastLow = na
18
19if not na(pivotHigh)
20 lastHigh := pivotHigh
21 // ... more logic
22
23// Break of Structure
24bosUp = close > lastHigh
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