Custom RSI with Colors

3天前

How to Use

1. Copy the script and paste it into the Pine Script Editor on TradingView.
   
2. Save and click "Add to Chart."
   
3. Adjust the parameters:
   

• RSI Length: Change the calculation length.
  
• RSI Method: Select between SMA and EMA for smoothing.
  
• Levels and Colors: Define your four RSI thresholds and their corresponding colors.
  
• Custom Timeframe: Specify a timeframe (e.g., 1D, 4H) or leave it blank to use the chart’s timeframe.
  

Explanation:

• The RSI is calculated using the specified smoothing method.
  
• Based on user-defined levels, the RSI line changes color dynamically.
  
• Horizontal lines mark the levels for better visual reference.