This RSI indicator has a Bollinger Bands indicator around it, and a simple moving average.
I still haven't decided yet if the Bollinger Bands should be at 20 (like normal) or at 14 (like the RSI).
Experiment with it and have fun :)
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 a publication is governed by House Rules.
You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
