OPEN-SOURCE SCRIPT
Updated Rainbow Ribonacci RSI
Rainbow Ribonacci RSI is a modified version of RSI with Rainbow Ribbon of Fibonacci period and levels:
The choice of colors: red-orange-yellow-green-blue-purple are in the order of rainbow colors.
Rainbow Ribonacci: Rainbow Ribbon with Fibonacci
- RSI lines modified to consists of several Fibonnaci Period Length of 3, 5, 8, 13;
- RSI levels modified to contain the Fibonacci Percentage Levels of 78.6%, 61.8%, 50%, 38.2% and 23.6%;
- Color fills between RSI lines;
- Color fills between RSI levels.
The choice of colors: red-orange-yellow-green-blue-purple are in the order of rainbow colors.
Rainbow Ribonacci: Rainbow Ribbon with Fibonacci
Release Notes
added input setting and transparency set 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.