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Visual RSI {bebaps}

bebaps Updated   
Relative Strength Index (RSI)
20
0
relativestrengthindex
Visual RSI

This script provides a visual way to view RSI data. Sometimes it may be useful to view RSI data on the price chart instead of in a separate pane. This script enables the following configurable options:

  • Plot shapes on the chart during key RSI events such as: crossing above or below the overbought or oversold level
  • Color bars based upon the current value of the RSI, such as: RSI currently oversold, or RSI currently between overbought and 50

All options are configurable. This is not meant to serve as a replacement for having the RSI on your chart, but it will make it easier to highlight key data points in real time.
Release Notes:
Adjusted the size of the plotted shapes to be more visually appealing on the chart.
Release Notes:
  • Increase color consistency
  • Add notes for which chart styles work best
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.

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