RSI-50 Step Line — Indicator by Devjames — TradingView

This indicator plots a dynamic horizontal reference line that tracks price at the exact moment RSI crosses the 50 level — giving traders a live, self-adjusting benchmark for where momentum shifted from bullish to bearish, or vice versa.

How the line is built? :

Every time RSI (default length 9, source close — both adjustable in settings) crosses the 50 level in either direction, the line “steps” to whatever price closed at that exact bar, then holds flat until the next RSI-50 cross. The result is a stair-step price ladder built entirely from momentum inflection points, rather than fixed lookback windows or manually-drawn pivots.

Because earlier steps are never deleted or redrawn, the indicator leaves a running visual history on the chart. When price later revisits an older step, you can see directly whether it’s testing a level that originally marked a genuine momentum shift — which can carry more weight than an arbitrary support/resistance line.

Cross markers (the dots):

At each bar where RSI crosses 50 and the line steps to a new level, a small circle marker is plotted. This flags every step point clearly, which matters on charts where flat segments can otherwise blend together. The dot is colored using the same 4-state logic as the line (below), but it’s frozen at the exact bar of the cross — so it shows the momentum condition that triggered that specific level, even if the line’s color later changes as price and RSI continue to evolve past that point. Comparing a dot’s shade to the segment that follows it is a quick way to see whether a level was born from strong or weak momentum.

Color logic (4 states):

The line and its dots are shaded based on two live conditions: price’s position relative to the current step, and RSI’s immediate direction (rising or falling bar-to-bar).

Light green — price above the level, RSI rising → bullish, momentum strengthening
Dark green — price above the level, RSI falling → bullish, but momentum fading
Light red — price below the level, RSI falling → bearish, momentum strengthening
Dark red — price below the level, RSI rising → bearish, but momentum recovering

The dark shades are not signals on their own — they’re a visual cue that the current side of the trade may be losing conviction, which some traders use as a prompt to tighten risk or watch more closely for a reversal, rather than as an entry/exit trigger.

What this indicator does and does not do? :

This tool identifies and colors momentum-derived price levels; it does not generate buy/sell signals, predict future price movement, or account for risk management. All settings (RSI length, RSI source, and each of the four colors) are user-adjustable in the inputs panel. As with any indicator, it should be used alongside broader market context and a trader’s own risk framework rather than in isolation.