OPEN-SOURCE SCRIPT

S73 Colored RSI

By Shane73
S73 Colored RSI

Color change is based on above or below 50 mid line.

When RSI is red (below 50), I like to look for shorts, and when RSI is green (above 50), I like to look for longs.

Added extra bands for 10, 20, 80, and 90, so you can easily spot way oversold and way overbought conditions.

I look at taking profit in the overbought, oversold zones.

Hope you like it.

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Oscillatorsrsi_overboughtrsi_oversoldTrend Analysis
Shane73

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 publication is governed by House rules. You can favorite it to use it on a chart.

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