OPEN-SOURCE SCRIPT
RSI Overbought/Oversold Candlestick Paint - With 1x EMA
You will need to TURN OFF default price action to use the EMA, this chart works great for highlighting oversold/ overbought RSI, no need to clutter your charts.
Note: This will NOT work with other moving averages on the chart, the price will be correct however the position of the price relative to the moving averages (aside from the one with the indicator) will be wrong.
Note: This will NOT work with other moving averages on the chart, the price will be correct however the position of the price relative to the moving averages (aside from the one with the indicator) will be wrong.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
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.