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OPEN-SOURCE SCRIPT
Updated

RSI mid partition color change

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When RSI is above 50 our default bias is on buy side and when below 50 our bias is on sell side.
Therefore created 2 zones for easy identification.
Release Notes
Version 2:
-> Added color change column strip in RSI indicator on midline cross [default value = false]
-> Added color Change of bar on cross on midline in RSI [default value = false]
Release Notes
Updated
Release Notes
updated
Release Notes
  • Added Neutral Zone in RSI to signifies range bound market.
  • You can tweak the neural zone to meet your instrument sideways condition.
  • You can set value of neutral zone value of both side as 50, if you don't want to see neutral zone.
Release Notes
Create bed for Extreme levels and made it cleaner
Release Notes
Made Cleaner and added bar colour as default on mode.
Release Notes
  • Default color scheme: Green when RSI > 50, Red when RSI < 50


  • Secondary option: Green when RSI > MA, Red when RSI < MA


  • Selectable via dropdown in the RSI Settings group


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.

fibonacci_wizard
Also on:
barcolorcolorcolourmomentumstrategyOscillatorsrelativerelativestrengthRelative Strength Index (RSI)rsi14rsi-convergencesentiment

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.
barcolorcolorcolourmomentumstrategyOscillatorsrelativerelativestrengthRelative Strength Index (RSI)rsi14rsi-convergencesentiment

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.

fibonacci_wizard
Also on:

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.