INVITE-ONLY SCRIPT

RSI Overbought, Oversold and over/under midline

已更新

Made that script where you get a very quick overview about the current RSI state. There are different colors and symbols available:

Circles = RSI 2 period is in overbought /-sold -> Weaker buy / sell signal
Cross = RSI 2 period is in overbought /-sold + price is above MA200 + below MA5 -> stronger buy / sell entry signal
brown / dark green background = RSI 14 over or under midline -> Indicates bullish / bearisch momentum
light red / green background = RSI 14 over 70 or under 30 -> Normal RSI overbought /-sold state
red / bright green background = RSI 14 over 80 or under 20 -> Stronger RSI overbought /-sold state
yellow background = RSI 14 over / under the 52 week high / low -> Very strong RSI overbought /-sold state

The indicator is designed to work on multiple chart layouts and smaller screens where you would not see the exact RSI states in the normal RSI indicator. You can also identify the RSI state very quick and it saves you space because you can identify the states even if the indicator window is very small.

Please give feedback in the comments what you think and what you would do better.

For access please leave a comment.

版本注释

Added lower timeframe support

版本注释

Various fixes

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