ae2326

RSI Colour Overlay

Applies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a useful prompt to review price action. I hope this helps and good luck with your analysis and trading.
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.

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Comments

Very helpful! Thank you.
100 coins
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Simple but useful I like it! Thanks for sharing.
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Look's really interesting thank you
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ae2326 gleefulBoa86272
@gleefulBoa86272, Thank you for your feedback. Please feel free to apply the indicator to try it out. It's simple but effective.
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