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jaggedsoft

Parabolic Detection

jaggedsoft  
Trend Analysis rsi_overbought
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trendanalysis rsi_overbought
This method of trend analysis draws the RSI channel from 50 to 60 on the chart. If it's over 60, the channel is green.

When Bitcoin goes on its insane runs, the RSI on the 3 day chart will often be pegged at extreme values. Our goal is to visually represent these moments.

By default, this uses the 3 day resolution for its calculations. Feel free to disable this and it will work on any timeframe.
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.

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