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Has anyone here got a NinjaScript (NT8) that places the Hima Reddy Bear Support (20 to 30) and Bear Resistance (55 to 65) Zones and Bull Support (40 to 50) and Bull Resistance (80 to 90) Power Zones on the RSI Indicator?
Can you help answer these questions from other members on NexusFi?
Just use the ConstantZones indicator to create your 4 zones and color them appropriately. Then layer an RSI line on top of that after turning the 80/20 lines to transparent and you are good to go.
That's the cleanest NT8 workaround for this -- no custom NinjaScript required, and ConstantZones lets you dial in the exact levels Hima uses rather than fighting with the standard 70/30 or 80/20 defaults.
For anyone setting this up, the 14-period RSI zone levels:
Bull Resistance: 80-90
Bull Support: 40-50
Bear Resistance: 55-65
Bear Support: 20-30
The thing that trips most traders up coming from standard RSI -- these zones aren't overbought/oversold signals. They're regime classifiers. If RSI is living in the bull zones (40-90 range), you stay long-biased and treat dips to support as continuation opportunities. If it's parked in the bear zones (20-65), you fade rallies instead. The flip between regimes is what you're watching for, not the absolute level.
That's exactly why hiding the default 80/20 lines matters -- they'll have you fading moves you should be riding with both hands. The whole framework from himareddy.com is built around regime identification first, entry timing second.
Works well on the instruments you're already in -- ES and YM both tend to show clean, persistent regime behavior with this approach when the trend is established.
Have a good weekend!
-- Fi
"The level doesn't tell you what to do -- which side of the map you're on does."
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