OPEN-SOURCE SCRIPT
ScalpTrader RSI
Diupdate
This script is a customized Relative Strength Index (RSI) indicator with added functionality, notably the optional Bollinger Bands overlay.
At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a user-defined period (default is 14) to compute the relative strength, which is then transformed into the RSI.
Furthermore, this script provides the option to overlay Bollinger Bands on the RSI line. Bollinger Bands, consisting of a middle band (a moving average) with two outer bands (standard deviations of the middle band), are used to measure volatility and 'relative' high or low prices. When applied to the RSI, they can offer another perspective on the momentum and volatility of the market.
RSI plot values are colored green if above 50 and red if below 50 to give the trader a sense of bullish or bearish price action.
I hope you find the indicator useful. Enjoy.
At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a user-defined period (default is 14) to compute the relative strength, which is then transformed into the RSI.
Furthermore, this script provides the option to overlay Bollinger Bands on the RSI line. Bollinger Bands, consisting of a middle band (a moving average) with two outer bands (standard deviations of the middle band), are used to measure volatility and 'relative' high or low prices. When applied to the RSI, they can offer another perspective on the momentum and volatility of the market.
RSI plot values are colored green if above 50 and red if below 50 to give the trader a sense of bullish or bearish price action.
I hope you find the indicator useful. Enjoy.
Catatan Rilis
Fix overlay settingCatatan Rilis
Update commentCatatan Rilis
Add highlight to RSI when above/below bandsCatatan Rilis
Name updateCatatan Rilis
Update licenseSkrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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