OPEN-SOURCE SCRIPT

Tommy Oscillator v1.0 Light

RSI rules: If we break above 70 RSI, 40-50 RSI acts as support,
If we break below 30 RSI, 50-60 RSI acts as resistance

I color coded the support/resistance areas to make visuals easier. This is part of my private indicator, but I removed the buy/sell part (which is the private part). I think this will help a lot with your guy's trading.
Centered OscillatorsOscillatorsRelative Strength Index (RSI)rsi_overboughtrsi_oversoldtommy

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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