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[PX] RSI Barcolor

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Trend Analysis Oscillators Relative Strength Index (RSI) overbought oversold barcolor
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trendanalysis oscillator relativestrengthindex overbought oversold barcolor
This script simply colors the candles based on the defined "overbought" and "oversold" RSI-levels set in the input section of the indicator.

If the price is below the oversold level, the candle is colored in yellow.
If the price is above the overbought level, the candle is colored in aqua.
If the price moves back between both levels, no color will be applied.

Might be useful for some of you ;)
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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.

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