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jaggedsoft

Reverse RSI Channel — SharkCIA

jaggedsoft Updated   
Relative Strength Index (RSI) reversersi
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relativestrengthindex reversersi
Get a clear picture of trend direction by visualizing RSI levels on your charts.
Green = buy zone, red = sell zone.

The RERSI was first developed by Giorgos Siligardos in the June 2003 issue of Stocks and Commodities Magazine. RERSI plots lines on the price chart that reflect levels of the RSI.

Modified from
Reverse Engineered RSI - Key Levels + MTF
Original implementation by HPotter
Release Notes:
Improved transparency & added optional buy/sell signals
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.

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.

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