OPEN-SOURCE SCRIPT
Arthur's RSI
Updated
A cleaned-up and improved version of the built-in RSI script.
Regular RSI (14 periods, plotted in blue) overlaid on top of longer-term RSI (21 periods, plotted in red)
The overbought and oversold values can be input, but default to 70 and 30, respectively.
Includes a "padding" input, which adds padding to the overbought and oversold values, this provides a range in which a stock is "dangerously overbought/oversold"
Regular RSI (14 periods, plotted in blue) overlaid on top of longer-term RSI (21 periods, plotted in red)
The overbought and oversold values can be input, but default to 70 and 30, respectively.
Includes a "padding" input, which adds padding to the overbought and oversold values, this provides a range in which a stock is "dangerously overbought/oversold"
Release Notes
added min and max values for inputsOpen-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.
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.