PROTECTED SOURCE SCRIPT
RSI 34 with Candle Color Change by Mani
RSI 34 along with over bought and oversold
The RSI calculates the average gains and losses over the last 34 periods.
The formula roughly is:
𝑅𝑆𝐼=100−100
1+𝑅𝑆
RSI=100−1+RS100
Where RS (Relative Strength) = Average Gain / Average Loss over 34 periods.
RSI values above 75 usually indicate the market is overbought (potential price reversal down or consolidation).
RSI values below 35 usually indicate the market is oversold (potential price reversal up or consolidation).
Overbought Zone (RSI > 75):
Market is likely overextended to the upside.
Candles can turn red or a bearish shade to signal potential selling pressure or caution.
Oversold Zone (RSI < 35):
Market is likely overextended to the downside.
Candles can turn green or a bullish shade to signal potential buying opportunities.
Neutral Zone (RSI between 35 and 75):
Market is balanced.
Candles remain in their default color (usually white, blue, or black depending on the chart style).
The RSI calculates the average gains and losses over the last 34 periods.
The formula roughly is:
𝑅𝑆𝐼=100−100
1+𝑅𝑆
RSI=100−1+RS100
Where RS (Relative Strength) = Average Gain / Average Loss over 34 periods.
RSI values above 75 usually indicate the market is overbought (potential price reversal down or consolidation).
RSI values below 35 usually indicate the market is oversold (potential price reversal up or consolidation).
Overbought Zone (RSI > 75):
Market is likely overextended to the upside.
Candles can turn red or a bearish shade to signal potential selling pressure or caution.
Oversold Zone (RSI < 35):
Market is likely overextended to the downside.
Candles can turn green or a bullish shade to signal potential buying opportunities.
Neutral Zone (RSI between 35 and 75):
Market is balanced.
Candles remain in their default color (usually white, blue, or black depending on the chart style).
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受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。