Fib RSI++ by [JohnnySnow]
Fib RSI++ by is an RSI Inspired by my absolutely favorite RSI on tradingview: RSI & EMA with Reverse Calculator Panel by balipour.
Built for quicker and easily identify prices at current RSI /possibly reversals/ RSI direction and RSI landings.
From balipour, I reuse /adapt to pinescriptV5 3 lines of code () - the balipour implementation for reversing RSI formula in order to calculate price estimation based on the Given RSI level. Credits to the author.
Inspired by it, I also combine RSI with a MA but tuned to reads better the support/resistance levels (my humble opinion).
For quicker price target identification 2 features were added:
- Gridlines based on Fib levels, standard overbought/oversold levels and other levels I personally use. All of the grid lines can be configured according to user preferences.
- 2 information tables:
--First with a collection of 'close' numbers and Fib RSI levels price estimations at given RSI
--The second table allows the user to add up to 3 custom RSI levels to further target the price estimation.
Author UI Preferences to be used with this indicator: dark theme, hidden vertical and horizontal chart gridlines.
Built for quicker and easily identify prices at current RSI /possibly reversals/ RSI direction and RSI landings.
From balipour, I reuse /adapt to pinescriptV5 3 lines of code () - the balipour implementation for reversing RSI formula in order to calculate price estimation based on the Given RSI level. Credits to the author.
Inspired by it, I also combine RSI with a MA but tuned to reads better the support/resistance levels (my humble opinion).
For quicker price target identification 2 features were added:
- Gridlines based on Fib levels, standard overbought/oversold levels and other levels I personally use. All of the grid lines can be configured according to user preferences.
- 2 information tables:
--First with a collection of 'close' numbers and Fib RSI levels price estimations at given RSI
--The second table allows the user to add up to 3 custom RSI levels to further target the price estimation.
Author UI Preferences to be used with this indicator: dark theme, hidden vertical and horizontal chart gridlines.
Release Notes:
Small Improvements on this Release
- move Up on Configuration panel, the inputs related to Price calculator given RSI (RSI/Price shown on Green table)
- Swap extreme overbought and oversold colors