Relative Strength Index w/ 3 Levels & 0 Line Colour (by WJ)

NOTE:
// RSI CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT

This is the normal default built-in RSI indicator which I have added some stuff for visual aid:

Added middle line (50)
RSI turns green when crossed above 50
RSI turns red when crossed below 50

RSI background turns green and red on crossover candle based on whether RSI just crossed over or below 50 respectively
Alert notification on the crossover candle

Release Notes

Shifted comments in code

Release Notes

Fixed 0 Line to 50 Line text

Release Notes

Added SMA in RSI

Release Notes

Changed default settings for SMA on RSI from 227 to 88 as it works better personally

Release Notes

- Changed some default colours and added a 90/10 OB/OS alert

Release Notes

- Issue of Upper and Lower Bands changed limits not affecting RSI colour change should be fixed
- Alerts for mid line crossover and OB/OS levels should be dynamic now

Release Notes

- Changed RSI back to 14 as default value
- Added 2 more bands because I need them :d

Release Notes

- Removed extra bands
- Added MA choices and ability to turn it off

Release Notes

Updated some stuff

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.

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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

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