OPEN-SOURCE SCRIPT

JSS:Relative Strength Index

//Date: 5-Oct-22
//Author: Jatinder Sodhi
RSI Indicator with colour coding.
Blue - Long
Red - Short
Gray - Stay Out

Best used for Intraday on 5 minute charts. Works well on other timeframes as well.

Inspired from Asit Baran's RankDelta-RSI Indicator.
Relative Strength Index (RSI)rsi-ema

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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