OPEN-SOURCE SCRIPT
RSI Channel
Updated
Hello All. For a while this idea (showing RSI levels on the chart as a channel) was in my mind and finally today I developed the script. I hope it will be usefull for all.
Enjoy!
Enjoy!
Release Notes
Added Bull/Bear Zones (by request). This option is disabled by default, you need to enable in the options menu of the indicator.Release Notes
"EMA Smoothing" added. default value is 1, and if you increase "EMA smoothing" then you get smoothed RSI lines on the chart. Thanks to hiddenpablo for EMA smoothing idea.Release Notes
from the updated smoothed version:Release Notes
updated.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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