RSI in Bollinger bands — Indicator by Phantom_007

Relative Strength Index (RSI) Bollinger Bands (BB)

I added Bolinger bands to the RSI indicator.
This shows you the area of reversal for the RSI. Generally, when the indicator falls out of the bands, you'll see a quick reversal. Indeed this is a better way to find the overbought and oversold areas.

Release Notes:

I have updated this indicator and added some levels to it. These levels are adjustable and you can easily modify them. These levels help you to have a better understanding of the trend strength, buy and sell areas and finding new opportunities.

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

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