OPEN-SOURCE SCRIPT
Relative Strength Index - JDR
This is the basic RSI, with more levels. The 80, 50 & 20 levels has been added. When the RSI is above the 50 level, it can be considered to be a uptrend. When the RSI is below the 50 level, it can be considered to be in a downtrend. However this is just an indication, price action is the best way to determine whether price is in an uptrend or downtrend.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.