MarkLefevre

RSI Overlay

This is the stock RSI index using the Price as the midline.

It can be useful to view information normally displayed in a second pane overlaid on the price chart. As far as I know, this has not been done for one of the most widely used indicators, the Relative Strength Index .

This can be overlaid anywhere on the chart and every parameter is variable. If you'd like to change the position, the RSI , midline, upper line, and lower line are scaled with a factor "*close/x"

To change the position on the chart, simply change the "X" until you are pleased with the location.

The RSI MA was distracting so I removed it. I also published this indicator including the MA, titled "RSI Overlay with MA."

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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