Fibonacci RSI Ribbon (UO) — Indicator by umur.ozkul

relativestrengthindex trendanalysis rsi_overbought rsi_oversold

All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30

Release Notes:

All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30

Release Notes:

When the trend moves below RSI 50, a red circle is printed.
When the trend moves above RSI 50, a green circle is printed.

Release Notes:

To make the circles that tell the trend change, I also plot a triangle at the top or bottom

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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