FXCloud

MTI Stochastic RSI with Color Bars and Zones

Plots the %D line of a Stochastic Oscillator calculated from the RSI of close of length 14.
Red Sell Zone above 80, candles paint red
Green Buy Zone below 20, candles paint green
Remove from Favorite Scripts Add to Favorite Scripts
study(title="MTI Stochastic RSI", shorttitle="MTI Stoch RSI Color Zones")
//Inputs
src = input(close, title="RSI Source")
lengthRSI = input(14,title="RSI Length", minval=1)
smoothK = input(8,title="%K", minval=1)
smoothD = input(5,title="%D", minval=1)
Overbought=input(80)
Oversold=input(20)
//RSI Calculation
rsi1 = rsi(src, lengthRSI)
//StochRSI Calculation
k=100*(rsi1-lowest(rsi1,smoothK))/(highest(rsi1,smoothK)-lowest(rsi1,smoothK))
d=sma(k, smoothD)
//StochRSI Plot
//plot(k,title="%K",color=red)
plot(d, title="%D", color=blue)
//Buy and Sell zones
h0 = hline(Overbought,title="Overbought",color=red,linestyle=solid)
h1 = hline(Oversold,title="Oversold",color=lime,linestyle=solid)
h2=hline(100,color=black)
h3=hline(0,color=black)
fill(h2,h0, color=red, transp=80)
fill(h3,h1, color=lime, transp=80)
//Bar Color
SellZone()=> d>=Overbought
BuyZone()=> d<=Oversold
barcolor(BuyZone() ? lime : SellZone() ? red : na)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out