Relative Strength Index for COT System V2 — Indicator by BlueBananaTutorials

Standard Relative Strenght Indicator with coloured value areas. The red area shows a strong overbought level, what can be used as an warning signal for a trend reversal into downtrend.
The green area shows a strong oversold level, what can be used as an warning signal for a trend reversal into uptrend. The yellow areas are only warning areas.

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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