OPEN-SOURCE SCRIPT

Reverse RSI Channel — SharkCIA

Updated
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
Relative Strength Index (RSI)reversersi

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 publication is governed by House rules. You can favorite it to use it on a chart.

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