RSI Pivot Levels and Volume-Confirmed Liquidity Sweeps

Summary

This price-chart indicator combines RSI-derived support and resistance with swing-pool sweeps and a volume filter. It detects pivots in the RSI series, anchors resistance to the pivot bar’s price high and support to its low, and retains a rolling set of recent levels. On each bar, it tracks the nearest applicable level above or below price and smooths those levels for display as a channel.

A bullish sweep occurs when price wicks below a prior lookback low; a bearish sweep occurs above a prior high. The current bar is excluded from those pool calculations. When enabled, a close back inside the pool is required. A signal also requires the swept extreme to be within an ATR-based distance of the relevant RSI level and volume to exceed a multiple of its moving average. These filters can be disabled. The document describes the indicator’s rules and settings but supplies no backtest or evidence that its reversal signals are profitable. Pivot confirmation also entails a delay, and results depend on parameter choices and market conditions.

Key ideas

• RSI pivots anchor price-based support and resistance levels using the pivot bar’s low or high.
• The indicator defines liquidity pools from prior swing highs and lows while excluding the current bar.
• A sweep can require price to close back inside the breached pool.
• Signals require a sweep, proximity to the relevant RSI-derived level, and confirming volume unless filters are disabled.
• The document explains the signal logic but provides no performance testing or profitability evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.