soru

RSI candles by soru v.1 plus

230 5 44
As requested. Cheers
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study("RSI candles by soru v.1 plus")
len = input(title="RSI Period", defval=14)
o=rsi(open,len)
h=rsi(high,len)
l=rsi(low,len)
c=rsi(close,len)


//inputs
left = input(title="# bars to the left", type=integer, defval=30)

left_low = lowest(left)
left_high = highest(left)
newlow = low <= left_low
newhigh = high >= left_high

q = barssince(newlow)
w = barssince(newhigh)
col = q < w ?  #8B3A3A : #9CBA7F

plotcandle(o,h,l,c,color=col)
hline(80, color=navy, linestyle=dotted, linewidth=1)
hline(60, color=navy, linestyle=dotted, linewidth=1)
hline(40, color=navy, linestyle=dotted, linewidth=1)
hline(20, color=navy, linestyle=dotted, linewidth=1)

Related Ideas

You are a god :D
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soru Crit_Nasty
nah I'm not:) but ty
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Thank you. Elliott
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Nice one... will you also implement probability into RSI candles? I would really like to try also that probability indi in chart... :)
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soru DanielKovacik
sorry for late relpy. It's already in there.
This rsi indicator change color when price reaches newlow or newhigh withing x candles zone (you can set X in indicator settings).
So basically once rsi change color there is significantly higher chance that it will go even higher/lower within X next candles.

Cheers
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