Pump / Dump — RSI OB/OS Only

📌 Description

This script “Pump / Dump — RSI OB/OS Only” is a very simple indicator that generates Pump and Dump signals based purely on the RSI overbought/oversold zones.

Pump (Green Up Signal) → When RSI crosses into or stays in the Overbought zone (≥70 by default).

Dump (Red Down Signal) → When RSI crosses into or stays in the Oversold zone (≤30 by default).

⚙️ Features

Adjustable RSI length (default 14).

Customizable Overbought / Oversold levels (default 70/30).

Option to choose between:

Cross Only Mode → Signal appears once when RSI enters the zone.

Zone Mode → Signals appear every bar while RSI stays inside the zone.

Clear visual labels on the chart (green for Pump, red for Dump).

Built-in alert conditions for Pump/Dump events (can be used with TradingView alerts).

🎯 Use Case

Quick visual confirmation of potential momentum shifts.

Helps scalpers & intraday traders spot areas where the market may be overextended.

Works on any symbol & timeframe.

⚠️ Disclaimer: This tool is for educational purposes only. It is not financial advice. Always combine with your own analysis and risk management.