BINANCE:BTCUSDT RSI📊 BTC RSI Deviation Visualizer
This indicator visualizes the deviation of BTC RSI from the neutral level (50) to highlight momentum extremes and potential reversal zones in a simplified and color-coded format.
It is specifically designed for traders who prefer to monitor RSI strength centered around neutrality (0 as midpoint) instead of absolute RSI values.
🧠 Concept
This tool subtracts 50 from the RSI of BINANCE:BTCUSDT, creating a deviation value:
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RSI Deviation = RSI - 50
This approach allows traders to interpret bullish or bearish bias more intuitively:
RSI > 50 → positive deviation → bullish
RSI < 50 → negative deviation → bearish
The result is plotted as a zero-centered histogram, where color and shape dynamically indicate the strength of deviation.
🔍 Visual Components
Color-coded Histogram:
Gradient bar colors reflect the size and direction of deviation.
Strong bullish (+10 to +30): light to dark orange
Strong bearish (-10 to -30): light to dark blue
Extreme values (>|30|): highlighted in yellow
Reversal Zone Circles:
Green circles are plotted when RSI deviation exceeds +30
Red circles appear when deviation is below -30
Circles are rate-limited to avoid visual noise (one signal every 5+ bars)
Reference Lines:
0 line (neutral RSI 50)
±35 threshold lines for identifying abnormal momentum
🔧 Settings
RSI Length: Default 14 (can be adjusted based on your time frame or strategy)
✅ Use Cases
Momentum Strength Monitoring:
Identify when BTC is showing sustained buying/selling pressure above typical ranges.
Reversal Signal Layer:
Use the circle markers to flag possible overbought/oversold peaks in conjunction with other tools.
Trend Filtering:
Use deviation direction (+/-) as an additional filter for trend-based strategies.
🧩 Compatibility
Works on any time frame
Only uses BINANCE:BTCUSDT price
Lightweight and highly responsive
🔐 Originality & Value
Unlike traditional RSI plots, this indicator offers a centered and directional perspective on RSI momentum.
The design emphasizes trend pressure, not just overbought/oversold thresholds, making it highly compatible with scalping, swing, or trend-following strategies.
