This is a modified version of my RSI Cloud indicator. You can plot 2 moving averages over RSI. You have the option to plot moving average types like SMA, EMA, WMA, VWMA, HullMA, and ALMA. You also have the option to plot histograms based on any of the moving averages. You can fill colors between RSI and moving averages. Option to add alerts, crossover and crossunder signals are also included. I have also included a band to show the position of RSI using three colors. Green color is shown when RSI is above both the plotted moving averages. Red color is shown when RSI is below both the plotted moving averages. And Yellow color is shown when RSI is between the two plotted moving averages. Anyone is free to use the script. Wishing everyone happy and profitable trading.
Awesome script! Very underrated! As a token of my gratitude and appreciation, I have published back my version with the extensions I have coded for your indicator, I hope this is OK for you. Here it is: tradingview.com/script/yoGhkCsV-RSI-by-Wilson-alt/ Thank you so much for sharing your work under open-source!
wilsonlibero
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@tartigradia, Appreciate your response and the tweaks you have made... Excellent work... I commend you for posting the work as open-source... Keep going... Expecting big things from you👍👍👍... Good Luck
tartigradia
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@wilsonlibero, Thank you so much, this means a lot to me, especially coming from you! I love your work, it inspired me a lot! :D Have a great day and good luck to you too!
tradingview.com/script/yoGhkCsV-RSI-by-Wilson-alt/
Thank you so much for sharing your work under open-source!