ATSpain

Ultimate RSIs

This RSI script includes everything you could want on an RSI . There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks.

Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.
Release Notes: The values of the default RSIs have been updated to give a more useful contextual view of the market. For example: the orange RSI band is calibrated to reach Overbought within the dotcom bubble on QQQ. If you see a stock with an orange RSI in overbought territory, it should indicate a fall, or a long period of flat returns to cool off.
Release Notes: Update is being made to correct the image in order to comply with ToS.
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.

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