OPEN-SOURCE SCRIPT
Dynamic RSI
This indicator simply adds Bollinger Bands to the RSI. The Bollinger Bands are more dynamic than simple 30 or 70 horizontal lines and work better in many situations. I've found that a good time to buy is when the RSI dips below the lower band, then pulls back above. A good time to sell, though less reliable, is when the RSI climbs above the upper band, then dips back below.
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.