OPEN-SOURCE SCRIPT
Updated Relative Strength Index with Alerts
RSI with alert on enter and exit overbough and oversold area.
You can change the overbough and oversold levels as well.
You can change the overbough and oversold levels as well.
Release Notes
Update UI.Release Notes
- Updated UI to see overbought and oversought values easier.- Added ability to shrink the value of the RSI to get less signal than the original RSI, because sometimes too many signals are not a good thing for trading.
Release Notes
Added heatmap color to find extreme areas (top and bot) easier.Shrink RSI to 75% by default now.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.