OPEN-SOURCE SCRIPT
Relative Strength Index with 4 Colors
The values used by this indicator are equal to RSI 14. Only changes are made to looks:
If RSI is above 50%, then we are seeing green. Else, we are seeing red.
Another point is that depending on whether the RSI increases or decreases, we get two different color tones.
If RSI is above 50%, then we are seeing green. Else, we are seeing red.
Another point is that depending on whether the RSI increases or decreases, we get two different color tones.
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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