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Bullyena's RSI BarColor Overlay

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This script can identify the price trend by overlaying colors as based on an algorithm using RSI and MA.

Disclaimer: This should be effective on higher timeframes.
This also works best with my RSI + StochRSI indicator.

Red = short zone
Orange = chop zone
Blue = long zone

Strategy:
Blue = you can HODL until the trend changes
Orange = good for scalping ranges
Red = just for shorting and longing would be risky

How to enable indicator with the best settings:
A. If using candlestick chart type, make sure to disable the border color in the chart settings.
B. For optimal usage, use the bar chart type.
版本注释
Changelog:
Updated the colors

How to use:
1. Install the indicator by clicking on favorites and adding it on your chart.
2. Go to your chart settings/properties by clicking on the background of your chart. Then make sure to DISABLE 'BORDER' if using candlesticks.
3. There you have it
版本注释
Minor fixes

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。