OPEN-SOURCE SCRIPT
ERSI
Updated
Instead of the RSI which only uses the close of the market to calculate RSI, this indicator uses the Open, Close, High and Low individually to give four unique data points which are then drawn as candlesticks in place of the regular RSI.
Release Notes
Renamed and simplified code such that their are less redundancies.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.
Disclaimer
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