OPEN-SOURCE SCRIPT
RSI OverBought/Sold Price Predict
Using the RSI formula, predict what price should be next to be oversold or overbought.
For using support and resistance, turn on "smoothing" option.
White Line = what price should be next to be RSI = 50.
Orange Line = what price should be next to be RSI = 70 or 30 (Default)
Yellow Line = what price should be next to be RSI = 80 or 20 (Default)
Green Line = what price should be next to be RSI = 90 or 10 (Default)
For using support and resistance, turn on "smoothing" option.
White Line = what price should be next to be RSI = 50.
Orange Line = what price should be next to be RSI = 70 or 30 (Default)
Yellow Line = what price should be next to be RSI = 80 or 20 (Default)
Green Line = what price should be next to be RSI = 90 or 10 (Default)
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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