RSI Extremity Score (14)Mean reversion

Timeframe M1 · unit norm

What it measures

A signed score derived from the 14-period RSI that quantifies how far the RSI has departed from its neutral zone (30-70). Values above 0 indicate an overbought RSI condition; values below 0 indicate oversold. The magnitude reflects how deeply into the extreme zone the RSI has penetrated.

How Janira reads it (bullish vs bearish)

A value of 0 corresponds to RSI at 50 (perfectly neutral). A value near +1 corresponds to RSI at 100 (maximal overbought). A value near -1 corresponds to RSI at 0 (maximal oversold). Values above 0 generally arise when RSI has crossed 70; values below 0 when RSI has dropped under 30. The score is continuous, not binary, so small positive values near 0 simply indicate an RSI slightly above 50.

In plain language

The RSI normally oscillates between 0 and 100. This indicator distills the RSI into a single signed number that tells you how 'overbought' (positive) or 'oversold' (negative) the price momentum appears. Zero means perfectly balanced; the further from zero, the more stretched the momentum.

Scenarios

Near 0: RSI is close to 50 - neither overbought nor oversold. Momentum is balanced between buyers and sellers.
Above 0, RSI between 50 and 70: Positive momentum but still within the broad neutral zone. Buyers have the edge but no extreme reading.
Above 0, RSI above 70 (overbought): Momentum is in overbought territory. In mean-reverting markets, elevated RSI readings have historically been followed by pauses or pullbacks with above-average frequency.
Below 0, RSI below 30 (oversold): Momentum is in oversold territory. Selling pressure has been concentrated enough to push the RSI into an area that historically precedes recovery phases in mean-reverting instruments.

More mean reversion indicators

Z-score Close vs SMA-20 VWAP Deviation in Sigma Distance to SMA-20 in Std Deviations Percent Below 20-Bar Rolling High Percent Above 20-Bar Rolling Low Bollinger Band Stretch (20, 2σ)Mean Reversion Composite Score 50-Bar Range Position (Centered)

Janira computes RSI Extremity Score (14) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.