OPEN-SOURCE SCRIPT

EMA with RSI Backed Divergence Bands

EMA200 with bands around it showing the effect of changes in RSI scaled by ATR . When the filling is green it indicates the bullish momentum and bearish when it is red.
Average True Range (ATR)Exponential Moving Average (EMA)Relative Strength Index (RSI)

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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