GeertVD

RSI/MFI with Volatility Bands [GVD]

This is an edit of the LAzyBear script.

The script is adjusted to show both the RSI and the MFI on 1 chart.
Release Notes: Made it a bit more fancy.
Release Notes: Minor update
Release Notes: minor update (color coding)
Release Notes: minor update (color transparency)
Release Notes: Additional functionality

You can now

* plot the MFI, RSI or UO (jointly or seperately)
* choose whether to plot the BB + overbought/oversold indicator on the basis of the MFI, the RSI or the UO
Release Notes: minor bugfixing
Release Notes: minor update
Release Notes: Added stochastic RSI
Release Notes: User now has the option to select the ultimate overbought / oversold threshold
Release Notes: Added additional functionalities.

There are now 4 possibilities for highlighting overbought/oversold
Release Notes: minor edit
Release Notes: minor update
Release Notes: reduced the number of overbought/oversold options to 2 (from 4)
Release Notes: * added Fast-Slow Stochastic RSI Convergence/Divergence Histogram
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.

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Comments

Hi , great indicator one of few that makes sense to me, do you think it would be possible to make visual of MFI and UO crosses or transfer code to version 4?

Great Indicator , thank you.
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@GeertVD How should we interpret green and red line crosses?
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