RSI Zones

This is a combination of a couple ideas I saw on here. The result is from three configurable EMA smoothed RSI overbought/oversold zones. The default is set to Donchian Channel mode where the highs/lows of the RSI's are plotted. An optional basis line derived from the slowest RSI is also included. Toggling this mode off gives you different results.

You'll want to play with different lengths for your own preferences and to see what works best for you.

Being able to see price bounce between these zones should hopefully give you some ideas on how you could potentially use this.

Credit to LazyBear for the initial idea.
https://www.tradingview.com/script/zWq2YfzA-RSI-Bands-RSI-B-and-RSI-Bandwidth/

Notes de version

Added the ability to select source for the upper/lower zones for each RSI and defaulted things to high/low instead of close.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

imsharper

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Script open-source

imsharper