OPEN-SOURCE SCRIPT
Updated RSI OS/OS Levels MTF
This plots the overbought and oversold (70 and 30) levels from RSI on price, there are often levels where a market will bounce or retrace/reverse.
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
Release Notes
Added second colour, fixed labelsRelease Notes
Added a feature that expands the lines to be dotted and the width of the chart when price gets close, to highlight potential bounce areas. Updated some input descriptions
Release Notes
Updated chart screenshot to show all six levelsRelease Notes
Added timeframe selectionAdded midpoints (in purple) (as suggested in comments)
Change colours to red/green
Added option to show historical OS/OB/Mid levels (as suggested in comments)
Release Notes
Added an option to show/hide each timeframeOpen-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.