OPEN-SOURCE SCRIPT
RSI Zone Heat map (20/40/60/80 Levels)
This indicator enhances the classic RSI by highlighting key momentum zones with intuitive background colors.
• Horizontal reference levels at 20, 40, 60, and 80.
• Greenish hue when RSI oscillates between 40–80, signaling a healthier momentum zone.
• Reddish hue when RSI oscillates between 20–60, warning of weaker momentum.
• The overlap zone (40–60) dynamically shifts: green bias above 50, red bias below 50.
This visualization makes it easier to spot when RSI is leaning toward strength or weakness at a glance.
Use it as a complement to your trading strategy for clearer confirmation of potential overbought/oversold shifts and momentum transitions.
• Horizontal reference levels at 20, 40, 60, and 80.
• Greenish hue when RSI oscillates between 40–80, signaling a healthier momentum zone.
• Reddish hue when RSI oscillates between 20–60, warning of weaker momentum.
• The overlap zone (40–60) dynamically shifts: green bias above 50, red bias below 50.
This visualization makes it easier to spot when RSI is leaning toward strength or weakness at a glance.
Use it as a complement to your trading strategy for clearer confirmation of potential overbought/oversold shifts and momentum transitions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.