LonesomeTheBlue

RSI Channel

Hello All. For a while this idea (showing RSI levels on the chart as a channel) was in my mind and finally today I developed the script. I hope it will be usefull for all.



Enjoy!
Release Notes: Added Bull/Bear Zones (by request). This option is disabled by default, you need to enable in the options menu of the indicator.
Release Notes: "EMA Smoothing" added. default value is 1, and if you increase "EMA smoothing" then you get smoothed RSI lines on the chart. Thanks to @hiddenpablo for EMA smoothing idea.
Release Notes: from the updated smoothed version:
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Kommentarer

very nice script, thanks! any change we can get an atr channel script for your renko script?
+1 Svara
great script! can you please add bear zone (fill 30 to 45) and bull zone (fill 65 to 80)?thank you!
+1 Svara
@maxonline, Added. it's disabled by default. you need to enable it ("Show Bull/Bear Zones" in the indicator options)
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maxonline LonesomeTheBlue
@LonesomeTheBlue, well done mate! Awesome much appreciated!
+1 Svara
Bu kanallarda Uyumsuzluk tespiti mümkünmü?Açıklama yapabilirmisiniz?
+1 Svara
@MohegaN, for divergence :)
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Correct me if I am wrong but if the PA falls into the "bullzone" above then it is overbought? and if it falls below into the "bearzone" it is oversold?
Sorry for the confusion.
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@ViSi0nZ, Right!
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