nanja600

RCI12/16

The background color changes when the RCI meets certain conditions.
The condition is when the medium-term line breaks above or below the long-term line.
When the mid-term line crosses 80% or -80%.
Both of the above are required to occur within 10 candlesticks.
The short-term line is a bonus.

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.

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