RSIT

1. What is this indicator?
RSIT is a hybrid momentum indicator that combines the classic RSI (Relative Strength Index) . Its goal is to provide a smoother, "noise-free" picture of market movement, filtering out false signals while remaining reactive to price changes.

2. Interpreting the Main Line (RSIT)
The indicator window draws a main line that changes color based on the trend direction:

Green Line: Rising momentum (Buying pressure dominates).

Red Line: Falling momentum (Selling pressure dominates).

Zones and Levels
The indicator uses fixed levels to define overbought and oversold conditions:

Extreme Overbought (180+): Price is very high; a downward reversal is expected (indicated by a red fill).

Overbought (150): Warning that the market is "hot."

Midline (100): The neutral zone of the trend.

Oversold (50): The start of the buying zone.

Extreme Oversold (Below 20): Price is very low; an upward reversal is expected (indicated by a green fill).

3. Information Dashboard
On the right side of the screen, there is a small table that helps align trends across multiple timeframes (Multi-Timeframe):

It lists the timeframes: 1m, 15m, 1H, 4H, 8H, 1D.

Green (U - Up): RSIT is rising on that timeframe.

Red (D - Down): RSIT is falling on that timeframe.

Tip: The strongest signals occur when the majority of the timeframes in the table share the same color.

4. Visual Aids on the Chart
The indicator can color the candles and the background of your main chart so you don't have to constantly look at the bottom pane.

Candle Coloring (Barcolor): You can set the candle colors to change based on the trend of a specific timeframe (e.g., if you are on a 15-minute chart but want to see the 4-hour trend).

How to enable: In the settings under the "Use ... Candle Coloring?" options.

Background Coloring: Works similarly; it tints the chart background faint green or red based on the trend of the selected timeframe.

5. RGWaves (Optional)
In the settings, you can enable the "Show RGWaves" feature.

This is a histogram (bars) that functions similarly to MACD.

It confirms momentum: If the bars are green and growing, the trend is strong. If they are red, selling pressure is strong.

6. Divergences
The indicator automatically detects divergences (when price and the indicator move in opposite directions).

Bullish (White line below price): Price hits a new low, but RSIT is already rising. → Buy Signal.

Bearish (White line above price): Price hits a new high, but RSIT is already falling. → Sell Signal.

Settings
By clicking the gear icon, you can modify the following:

Divergence: Toggle the drawing of divergence lines on/off.

Candle Coloring: Choose which timeframe determines the candle colors (e.g., check "Use 4H Candle Coloring" to see the 4-hour trend while trading on a lower timeframe).

Show RGWaves: Toggle the histogram display.

Summary – How to Trade with It?
Trend Direction: Check the main line color and the dashboard. If everything is Green, look primarily for buy opportunities.

Entry: Wait for the RSIT to return from an extreme zone (e.g., crossing back up from below 20) or when a divergence appears.

Exit: If the indicator reaches the opposite extreme zone (e.g., goes above 180), consider closing the position or taking profit.