[blackcat] L2 Gradient RSIVWAP

OVERVIEW
The [blackcat] L2 Gradient RSIVWAP indicator offers traders a powerful tool for assessing market conditions by combining Relative Strength Index (RSI) with Volume Weighted Average Price (VWAP). It features dynamic coloring and clear buy/sell signals to enhance decision-making.

[FEATURES]

Customizable Inputs: Adjust key parameters such as RSI-VWAP length, oversold/overbought levels, and smoothing period.
Gradient Color Visualization: Provides intuitive gradient coloring to represent RSI-VWAP values.
Buy/Sell Indicators: On-chart labels highlight potential buying and selling opportunities.
Transparent Fills: Visually distinguishes overbought and oversold zones without obscuring other data.
[HOW TO USE]

Access the TradingView platform and select the chart where you wish to implement the indicator.
Go to “Indicators” in the toolbar and search for “[blackcat] L2 Gradient RSIVWAP.”
Click “Add to Chart” to integrate the indicator into your chart.
Customize settings via the input options:
Toggle between standard RSI and RSI-based VWAP.
Set preferred lengths and thresholds for RSI-VWAP calculations.
Configure the smoothing period for ALMA.
[LIMITATIONS]

Performance can vary based on asset characteristics like liquidity and volatility.
Historical backtests do not predict future market behavior accurately.
[NOTES]

The ALMA function, developed by Arnaud Legoux, enhances response times relative to simple moving averages.
Buy and sell signals are derived from RSI-VWAP crossovers; consider additional factors before making trades.
[THANKS]
Special thanks to Arnaud Legoux for creating the ALMA function.