CM RSI

Description
This indicator plots ladder-style buy signals based on RSI oversold “cycles.”

BUY1 triggers after RSI closes ≤ Oversold for at least two consecutive candles.

Additional buys (BUY2, BUY3, …) can only occur after RSI re-arms by closing back above the oversold level, then returning oversold for two+ closes, and price is at least X% below the last entry price.
The “last entry” reference updates after every buy, allowing unlimited rebuys with a dynamic step-down.

Notes

Signals are generated on closed bars only (non-repainting behavior).

You can optionally set a Start Time to ignore earlier history and avoid off-screen state.

Choose whether the % drop check uses Close or Low depending on how strict you want confirmation.

Inputs
RSI length/source, oversold level, rebuy drop %, price check source, entry storage source, start time/baseline options, and display controls.