CapnOscar

RSI-Bands

A Simple Indicator to see RSI - HH or LL with Bands - Divergence more visible
Remove from Favorite Scripts Add to Favorite Scripts
//@author CapnOscar 
study(title="RSI-Band", shorttitle="RSI-Band")

SWperiod = input(34, minval=1, title="SWperiod")
look = input(0, minval=0, title="Shift")
OverBought = input(70, minval=50)
OverSold = input(30, maxval=50)

bandmx = hline(90)
bandmn = hline(10)

band1 = hline(OverBought)
band0 = hline(OverSold)
band50 = hline(50)
fill(band1, band0, color=purple, transp=95)


src = close, len = input(21, minval=1, title="RSI Length"), crosslen = input(7, minval=1, title="Cross Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
newrsi = sma(rsi,crosslen)
trsi = plot(rsi, color=black, linewidth=1)


highrsi = highest(rsi[look], SWperiod)
lowrsi = lowest(rsi[look], SWperiod)
avgrsi = avg(highrsi,lowrsi)
smaavg = sma(avgrsi,crosslen)



plhrsi = plot(highrsi, color=olive)
pllrsi = plot(lowrsi, color=olive )


fill(plhrsi, trsi, color=red, transp=50)
fill(pllrsi, trsi, color=green, transp=50)


United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support