OPEN-SOURCE SCRIPT
RSI Step Oscillator [racer8]
Purpose of RSO is to identify when RSI has reached key levels. These levels are 80, 70, 60, 40, 30, and 20.
When indicator displays a bar with color...
Purple : RSI > 80
Blue : RSI > 70
Green : RSI > 60
Gray : RSI is inbetween 40 and 60.
Yellow : RSI < 40
Orange : RSI < 30
Red : RSI < 20
Hit the like button and enjoy 😁
When indicator displays a bar with color...
Purple : RSI > 80
Blue : RSI > 70
Green : RSI > 60
Gray : RSI is inbetween 40 and 60.
Yellow : RSI < 40
Orange : RSI < 30
Red : RSI < 20
Hit the like button and enjoy 😁
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 publication is governed by House rules. You can favorite it to use it on a chart.
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