OPEN-SOURCE SCRIPT
Fibonacci RSI Ribbon (UO)
Updated
All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30
Release Notes
All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30Release Notes
When the trend moves below RSI 50, a red circle is printed.When the trend moves above RSI 50, a green circle is printed.
Release Notes
To make the circles that tell the trend change, I also plot a triangle at the top or bottomOpen-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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