Oscillator Edges

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Another simple script to be added on top of other indicators. Simply provides a symbol of varying color depending on the value of the oscillator. Allows up to 4 different colors in each direction. Includes alerts conditions. Demonstration is the indicator being applied to the RSI (purple) included in Market Cipher B.

To use, simply add it to your indicator, and choose and oscillator of your choice in the Input Settings. Alternatively, you can just keep it on 'close' and use the built in RSI . Or, you can use the RSI formula on top of something else (if that's your thing).

The names are silly, so I hope this is okay with all of you.
Let me know what you think, and if there are any problems, questions, or concerns!
Release Notes: Adjusted default values. This is my preference - thought I'd set the defaults such that they're not overcrowding the oscillator window.
Release Notes: Fixed colors
Skript med en öppen källkod

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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