RSI ATR Channel — Indicator by danarm

relativestrengthindex averagetruerange atr wilder bands band parallelchannel

Draws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.

Release Notes:

Better calculation of channel limits, improvements of repaint.

Release Notes:

A bit of comments in the code, added proper calculation of the channels to avoid repaint as much as possible

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

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