OPEN-SOURCE SCRIPT
RSI OS/OS Levels MTF
Updated
This plots the overbought and oversold (70 and 30) levels from RSI on price, there are often levels where a market will bounce or retrace/reverse.
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
Release Notes
Added second colour, fixed labelsRelease Notes
Added a feature that expands the lines to be dotted and the width of the chart when price gets close, to highlight potential bounce areas. Updated some input descriptions
Release Notes
Updated chart screenshot to show all six levelsRelease Notes
Added timeframe selectionAdded midpoints (in purple) (as suggested in comments)
Change colours to red/green
Added option to show historical OS/OB/Mid levels (as suggested in comments)
Release Notes
Added an option to show/hide each timeframeOpen-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.
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