Brykou

RSI median

A RSI implementation tailored for a specific use case.
Instead of using RSI with oversold and overbought values, I use it as a median value.

If the RSI is above 50, the trend is bullish .
If the RSI is below 50, the trend is bearish .

This indicator is customized to help you easily identify market strength/weakness based on which side of the median value the RSI is.
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.

Want to use this script on a chart?

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