sarangab

IO_VRSI

Original Idea by Invsto

In this indicator, I explore the core concepts of RSI and extend it with smoothening to determine volatility .

Usage:

LIME/GREEN : High Volatility and BULLISH trend

RED/FUCHSIA : High Volatility and BEARISH trend

GRAY: Low volatility /Potential Chop Zone

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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