OPEN-SOURCE SCRIPT
Updated RSI Channel
Hello All. For a while this idea (showing RSI levels on the chart as a channel) was in my mind and finally today I developed the script. I hope it will be usefull for all.
Enjoy!
Enjoy!
Release Notes
Added Bull/Bear Zones (by request). This option is disabled by default, you need to enable in the options menu of the indicator.Release Notes
"EMA Smoothing" added. default value is 1, and if you increase "EMA smoothing" then you get smoothed RSI lines on the chart. Thanks to hiddenpablo for EMA smoothing idea.Release Notes
from the updated smoothed version:Release Notes
updated.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.