OPEN-SOURCE SCRIPT
RSI buy/sell partitions
Updated
Look overbought and overbought to predict the time of the transaction.
RSI overbought:
- RSI = 21 to 30 (default configuration): The graph showing the letters 'Buy' and candles will have different colors.
- RSI < 21 (default configuration): The graph showing the letters 'Buy' displays bold and the candles will have high light background colors.
RSI oversold:
- RSI = 70 to 79 (default configuration): The chart that shows the word 'sell' and the candlestick will have different colors.
- RSI > 80 (default configuration): Display chart for 'Sell' displays bold and candles will have high light background colors.
RSI overbought:
- RSI = 21 to 30 (default configuration): The graph showing the letters 'Buy' and candles will have different colors.
- RSI < 21 (default configuration): The graph showing the letters 'Buy' displays bold and the candles will have high light background colors.
RSI oversold:
- RSI = 70 to 79 (default configuration): The chart that shows the word 'sell' and the candlestick will have different colors.
- RSI > 80 (default configuration): Display chart for 'Sell' displays bold and candles will have high light background colors.
Release Notes
Change text 'RSI Higher' to 'Advanced'Release Notes
Add comment textRelease Notes
Modify: Optimal RSI based trading indicator
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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