RSI - Made Easy — Indicator by DinGrogu

relativestrengthindex rsi_divergence relativestrength rsidivergence hodler dingrogu

This indicator is a visually improved version of RSI. It makes it much easier to see what's happening by simplifying those confusing, intersecting lines. With this, you can detect the RSI direction more clearly. All the features are also explained in the tooltips of the input fields. Some extra features are included, such as average top and bottom calculation, standard deviation and divergences.

Color legend:

Green: RSI Above MA and Rising
Light Green: RSI Above MA and Falling
Red: RSI Below MA and Falling
Light Red: RSI Below MA and Rising

Blue: RSI Crossover MA
Orange: RSI Crossunder MA

Blue Arrow: Bullish Divergence
Orange Arrow: Bearish Divergence

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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