sehweijun

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
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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Comments

Wonderful
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sehweijun naifoomf
@naifoomf, thank u
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