OPEN-SOURCE SCRIPT
Relative Strength Index for COT System V2
Standard Relative Strenght Indicator with coloured value areas. The red area shows a strong overbought level, what can be used as an warning signal for a trend reversal into downtrend.
The green area shows a strong oversold level, what can be used as an warning signal for a trend reversal into uptrend. The yellow areas are only warning areas.
The green area shows a strong oversold level, what can be used as an warning signal for a trend reversal into uptrend. The yellow areas are only warning areas.
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