Get started
jatinder.sodhi

JSS:Relative Strength Index

jatinder.sodhi  
Relative Strength Index (RSI) rsi-ema
70
0
relativestrengthindex rsi-ema
//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.
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.

Want to use this script on a chart?