OPEN-SOURCE SCRIPT

[RS][JR]RSI Ribbon + Candle

RSI Ribbon + Candle
By Ricardo Santos and JR

In this chart rendering we are combining RSI and Moving Averages. For an added features we included colors to the candles and ribbons. Lime and green displays a strong bullish trend, yellow is caution or no trade, red and maroon are bearish trends. You can also find divergences using the ribbon.

Divergence

snapshot
averagecandlecolorDivergenceFASTmoveingMoving AveragesRelative Strength Index (RSI)ribbon

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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