RSI Custom Bands — Indicator by TheHitman

There is no change in the RSI functionality. The idea is that everybody can adjust the oversold and overbought regions shown in the RSI indicator. So if you like to change these bands then you can do it here.

Important:
Original Code is written by JusttyMaldonado and TradingView itself. I simply added the functionality to adjust the bands to the values you like. It seemed helpful to me as I sometimes changes these areas so it might be helpful for other too.

Release Notes:

Just saw that the title of the line surrounding the oversold and overbought regions are not correctly named in the settings. Corrected that with this update.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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