Edo RSI Dual

FREE

Five-Zone RSI System with Filtered Diamond Crosses, Momentum Histogram and Real-Time Dashboard

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Access: Free & open source
Manual: PDF · 14 languages
Tutorial: Video · English
Published: May 2026

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Edo RSI Dual is an advanced take on the classic RSI that pairs two complementary RSI layers in a single panel: a structural RSI 14 that defines the dominant momentum regime and a fast RSI 2 that captures short-term turning points. A five-zone color scale (Overbought, Near OB, Neutral, Near OS, Oversold), a momentum histogram (RSI 14 vs the 50 midline), diamond crosses filtered to the extreme zones and a real-time dashboard turn the standard binary overbought/oversold reading into a structured map of momentum strength, exhaustion and reversal opportunities.

Features

Dual RSI architecture: structural RSI 14 (Wilder) and fast RSI 2 in the same panel, both calculated on the close.
Five-zone system with dynamic coloring of the RSI 14: Overbought, Near OB, Neutral, Near OS and Oversold.
Momentum histogram measuring distance of RSI 14 from the 50 midline with bullish/bearish color logic
Slow lines: smoothed visual bias to filter noise and read the dominant regime at a glance
Diamond signals: filtered crosses between RSI 14 and RSI 2 only when they happen inside extreme zones
Background bias and 50 midline reference for instant regime reading (positive/negative momentum)
Real-time dashboard with both RSI values and their OB/OS tags, momentum vs 50, five-zone state, last diamond signal and its age in bars.
Three alerts: Bull diamond in the oversold zone, Bear diamond in the overbought zone and RSI 14 crossing the 50 midline.

Use Cases

Reading the dominant momentum regime through the five RSI 14 zones (Overbought, Near OB, Neutral, Near OS, Oversold).
Capturing short-term reversals when the fast RSI 2 crosses the RSI 14 inside the extreme zones.
Detecting filtered diamond crosses between RSI 14 and RSI 2 as high-quality reversal signals
Measuring momentum strength and exhaustion via the histogram (RSI 14 distance from the 50 line)
Combining background bias and slow lines to filter signals against the dominant regime

Configuration

Edo RSI Dual keeps its core fixed: RSI 14 and RSI 2 on the close, with the Near OB and Near OS boundaries at 60 and 40. The Levels block sets the Overbought (70) and Oversold (30) thresholds that frame the extreme zones and filter the diamond signals, and the Slow Lines block sets the SMA period of each slow line (14 by default). The Display block toggles RSI 14, RSI 2, slow lines, momentum histogram, OB/OS zones, background bias, 50 midline, diamond signals and dashboard. The dashboard can be placed in any of the four corners and switched between Dark and Light themes.

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Risk Warning

Trading involves risk. This indicator is an analysis tool and does not constitute financial advice, investment recommendations, or trading signals. The user is solely responsible for their trading decisions.