RSI_50_Line — Indicator by cmharkey

RSI indicator with a persistent horizontal line drawn at the 50 pt marker.
This line is drawn every time I use the indicator, created the public pine script in order to add this to my "study chart" template for quick access.

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.

Want to use this script on a chart?

study(title="Relative Strength Index", shorttitle="RSI")
src = close, len = input(14, minval=1, title="Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
plot(rsi, color=purple)
band1 = hline(70)
band2 = hline(50,color=teal)
band0 = hline(30)
fill(band1, band0, color=purple, transp=90)