Jinqian168_V2 — Indicator by jinqian168

relativestrengthindex stochastic momentum indicators jinqian168

RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic.
V2 added Price Bar Coloring. Buy when Orange or Green, Sell when Yellow or Red.

Open-source script

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//Created by Jinqian168.
//RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic
//Updated Aug 5, 2015:  Added Price Bar Coloring.  Buy when Orange or Green, Sell when Yellow or Red.

study(title="Jinqian168_V2", shorttitle="Jinqian168_V2", overlay=false)
src = close, 
len = input(14, minval=1, title="RSI Length")
len2 = input(7, minval=1, title="EMA of RSI Length")
len3 = input(5, minval=1, title="EMA of eRSI Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
eRSI = ema(rsi,len2)
eRSI_Avg = ema(eRSI,len3)

plot(rsi, title="RSI", style=line, linewidth=1, color=black)
plot(eRSI, title="EMA of RSI", style=line, linewidth=1, color=green)
plot(eRSI_Avg, title="EMA of eRSI", style=line, linewidth=1, color=red)
band1 = hline(70, title="OverBoughtRSI", linestyle=dashed, linewidth=1, color=purple)
band0 = hline(30, title="OverSoldRSI", linestyle=dashed, linewidth=1, color=purple)

length1 = input(5, minval=1), smoothK1 = input(3, minval=1), smoothD1 = input(3, minval=1)
k1 = ema(stoch(close, high, low, length1), smoothK1)
d1 = ema(k1, smoothD1)
plot(k1, title="FullK", color=blue)
plot(d1, title="FullD", color=gray)

h0 = hline(80, title="OverBoughtStochastic", linestyle=solid, linewidth=1, color=purple)
h1 = hline(20, title="OverSoldStochastic", linestyle=solid, linewidth=1, color=purple)

barcolor(eRSI > eRSI_Avg and rsi > eRSI_Avg ? green : eRSI >= eRSI_Avg and rsi <= eRSI_Avg ? yellow : eRSI < eRSI_Avg and rsi < eRSI_Avg ? red : eRSI <= eRSI_Avg and rsi >= eRSI_Avg ? orange : na)