OPEN-SOURCE SCRIPT
RCI4lines
RCI4lines plots four Rank Correlation Index (RCI) lines in a single panel to help you read momentum and trend conditions at a glance.
It shows two short-term RCIs (default: 7 and 9), a middle-term RCI (26), and a long-term RCI (52).
The script also draws shaded threshold zones between +80 to +95 and -80 to -95, making it easier to spot potential overbought / oversold areas and compare short-term moves with the bigger trend.
Useful for scalping to day trading, and for checking whether short-term momentum is aligned with mid/long-term direction.
It shows two short-term RCIs (default: 7 and 9), a middle-term RCI (26), and a long-term RCI (52).
The script also draws shaded threshold zones between +80 to +95 and -80 to -95, making it easier to spot potential overbought / oversold areas and compare short-term moves with the bigger trend.
Useful for scalping to day trading, and for checking whether short-term momentum is aligned with mid/long-term direction.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.