RSI by PGT — Indicator by Tass

rsi_divergence relativestrengthindex rsi_oversold rsi_overbought rsi-convergence rsidivergence rsi-bearish-divergence rsi-ema rsi-divergence rsioversold

RSI with border to 70/30 and 80/20

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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//
// @author PGT
// 
// If you use this code in its original/modified form, do drop me a note. 
//
study("RSI", shorttitle="RSI PGT")
length=input(14)
ob=input(80, title="Overbought")
os=input(20, title="Oversold")

WiMA(src, length) => 
    MA_s=(src + nz(MA_s[1] * (length-1)))/length
    MA_s

calc_rsi_volume(fv, length) =>	
	up=iff(fv>fv[1],abs(fv-fv[1])*volume,0)
	dn=iff(fv<fv[1],abs(fv-fv[1])*volume,0)
	upt=WiMA(up,length)
	dnt=WiMA(dn,length)
	100*(upt/(upt+dnt))

rsi_v = calc_rsi_volume(close, length)

u=plot(ob, "80", gray, 2, dashed)
l=plot(os, "20", gray, 2, dashed)
fill(u,l,black)
plot(50, "Mediana")
plot(70, "70")
plot(30, "30")
plot(rsi_v, title="RSI", color=blue, linewidth=2)