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Stochastic RSI Heat Bollinger Bands

This indicator is based on a combination of the famous Bollinger Bands and the Stochastic RSI indicator.

Bands are dynamically colored (and filled) with a RGB color composed by red and green values, directly generated from the average Stochastic RSI current value.
By default, colors represent the following status -> green zone is overgought & red zone is oversold.
A screener is also displayed on the chart, representing StochRSI K and D lines values, RSI value, as well as the current status (Overbought/Oversold) of the StochRSI and RSI indicators.

Notes:
The heat color and the screener status are both based on the average value between the K and D lines (for stochastic RSI based heat)
Bands can be disabled in options to use this indicator as a simple moving average colored by the Stochastic RSI heat color.

Options:
  • Various moving average types ( SMA , EMA , SMMA , VWMA ...)
  • Inversion of colors between overbought and oversold status
  • Enabling/disabling heat color on bands / basis line and bands background color
  • Show/Hide the screener
  • Color source can be modified to base the heat on the RSI instead of the Stochastic RSI value
  • Standards Bollinger bands , Stochastic and RSI parameters

Example

Feel free to suggest any improvements in comment.
版本注释: Update
  • Diamonds representing oversold and overbought situaitons has been added to the top of the chart. This option can be disabled in parameters
开源脚本

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