OPEN-SOURCE SCRIPT
RSI Cave
Updated
Gives the same info as a conventional RSI oscillator except it's shown as a scary cave that price is trying to avoid touching. An indicator for the more visual traders out there. With thanks to LazyBear for the RSI band code.
I've included an RSI in the chart above for demonstration purposes.
I've included an RSI in the chart above for demonstration purposes.
Release Notes
Added green/red overbought/sold highlights. They can be disabled in optionsRelease Notes
Updated to v4, fixed display issue and added suggestion from commentsRelease Notes
Added RSI centre line (RMA) and option to hide the gray part. Made it more compatible with low sat crypto marketsOpen-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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Disclaimer
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