KhanaalTrend + RSI Unique filter

hort Description:
Advanced Khanaal Trend indicator enhanced with 4 RSI filtering modes including oversold/overbought, momentum, divergence, and adaptive zone analysis for educational purposes.
Full Description:
OVERVIEW
This educational indicator combines the Khanaal Trend methodology with an advanced RSI filtering system, offering traders four distinct modes to analyze market conditions based on RSI. The tool is designed to help traders study high-probability trend following opportunities for educational analysis.
KEY FEATURES

Khanaal Trend Core Logic: Utilizes ATR-based dynamic support and resistance levels that adapt to market volatility
4 RSI Filter Modes (Toggleable):

Mode 1: Oversold/Overbought Zones - Analyzes extreme RSI levels
Mode 2: Momentum Confirmation - Uses RSI 50 midline crossovers for trend confirmation
Mode 3: Divergence Detection - Identifies bullish/bearish divergences between price and RSI
Mode 4: Adaptive Zones - Simple RSI positioning relative to the 50 level


Alert Generation: Prevents notification spam by alternating between buy and sell alerts
Customizable Parameters: Full control over multiplier, common period, RSI length, and threshold levels
Visual Clarity: Color-coded trend lines and clear buy/sell labels for study purposes

HOW IT WORKS
The indicator calculates the Khanaal Trend using ATR-based bands above and below price. Trend direction is determined by comparing current price action to these dynamic levels, with additional confirmation from either RSI or MFI (Money Flow Index) depending on data availability.
When the RSI filter is enabled, buy and sell alerts are only generated when both the Khanaal Trend condition AND the selected RSI filter condition are met simultaneously. This dual-confirmation approach is designed for educational analysis of market conditions.
FILTER MODE DETAILS
Mode 1 - Oversold/Overbought: Buy alerts appear when RSI is below the oversold threshold (default 30), sell alerts appear when RSI is above overbought threshold (default 70). This helps identify potential reversal points for study.
Mode 2 - Momentum: Buy alerts appear when RSI is above 50 (bullish momentum), sell alerts appear when RSI is below 50 (bearish momentum). This helps confirm trend direction.
Mode 3 - Divergence: Identifies regular bullish divergences (price making lower lows while RSI makes higher lows) for buy alerts, and regular bearish divergences (price making higher highs while RSI makes lower highs) for sell alerts.
Mode 4 - Adaptive Zones: Buy alerts when RSI is in the lower 50% range (0-50), sell alerts when in upper 50% range (50-100).
CUSTOMIZATION OPTIONS
Khanaal Trend Settings:

Multiplier: Adjusts the distance of trend lines from price (default: 1.0)
Common Period: Lookback period for calculations (default: 14)
Source: Price input for calculations (default: close)
Calculation Method: Toggle for no-volume environments

RSI Filter Settings:

Enable/Disable: Master toggle for RSI filtering
Filter Mode Selection: Choose from 4 modes
RSI Length: Period for RSI calculation (default: 14)
RSI Source: Price input for RSI (default: close)
Overbought/Oversold Levels: Customizable thresholds

USAGE GUIDELINES
This indicator is designed for educational purposes to study trending markets. During strong trends, the Khanaal Trend will display the direction while the RSI filter helps identify potential entry timing for analysis. In ranging markets, consider studying Mode 1 (Oversold/Overbought) to observe potential reversals at extremes.
The indicator can be studied across all timeframes and asset classes. For educational swing trading analysis, consider higher timeframes (4H, Daily) with Mode 2 (Momentum). For day trading studies, lower timeframes (5m, 15m) with Mode 1 may be suitable.
IMPORTANT DISCLAIMERS

This indicator is for educational and informational purposes only
Past performance does not indicate future results
No indicator is perfect - always conduct your own analysis
Alerts should be confirmed with price action and other analysis methods
Not financial advice - consult with a qualified financial advisor before making any trading decisions
This tool is designed for study and learning purposes
All trading involves substantial risk of loss