QuantitativeExhaustion

[RS][JR]RSI Price Bands

RSI Price Bands
By Ricardo Santos and JR

Have you ever wondered what RSI would look like as a Band? Well here it is. First premier Trading View special, RSI Price Band. Red shows overbought and Green shows oversold. You can also adjust what levels you prefer for overbought and oversold, and what additional RSI lengths you would like to see displayed on the chart..
Skript med en öppen källkod

I sann TradingView-anda har författaren publicerat detta skript med öppen källkod så att andra handlare kan förstå och verifiera det. Hatten av för författaren! Du kan använda det gratis men återanvändning av den här koden i en publikation regleras av våra ordningsregler. Du kan ange den som favorit för att använda den i ett diagram.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.

Vill du använda det här skriptet i ett diagram?
study("[RS][JR]RSI Price Bands", overlay=true)

//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   INPUTS:     --------------------------------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||
src = input(defval=hlc3, type=source, title="Source Series to be Used:")

showRSI1 = input(defval=true, type=bool, title="Show RSI Line 1?")
showRSI2 = input(defval=true, type=bool, title="Show RSI Line 2?")
showRSI3 = input(defval=true, type=bool, title="Show RSI Line 3?")

baseMA_length = input(defval=100, type=integer, minval=1, title="Bands Smoothness Period Length:")

fast_rsi_length = input(defval=7, type=integer, minval=1, title="Fast RSI Period Length:")
fast_smooth_length = input(defval=1, type=integer, minval=1, title="Fast RSI Smoothness Length:")
medium_rsi_length = input(defval=21, type=integer, minval=1, title="Medium RSI Period Length:")
medium_smooth_length = input(defval=1, type=integer, minval=1, title="Medium RSI Smoothness Length:")
slow_rsi_length = input(defval=50, type=integer, minval=1, title="Slow RSI Period Length:")
slow_smooth_length = input(defval=1, type=integer, minval=1, title="Slow RSI Smoothness Length:")

deviation_length = input(defval=2, type=integer, minval=1, title="Bands Tightness Period Length:")

showOBSFill = input(defval=true, type=bool, title="Show Over Bought/Sold Bands?")

//  ||--------------------------------------------------------------------------------------------------------------------------||
hh = highest(baseMA_length)
ll = lowest(baseMA_length)
//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   RSI to Price level conversion:     ---------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||

baseMA = ema(avg(hh,ll), 10)//ema(src, baseMA_length)

capdev = cum(stdev(src, deviation_length)) / (n+1)

fastRSI = not showRSI1 ? na : ema(rsi(src, fast_rsi_length), fast_smooth_length)
mediumRSI = not showRSI2 ? na : ema(rsi(src, medium_rsi_length), medium_smooth_length)
slowRSI = not showRSI3 ? na : ema(rsi(src, slow_rsi_length), slow_smooth_length)

fastRSILine = not showRSI1 ? na : baseMA - (capdev*(50-fastRSI))
mediumRSILine = not showRSI2 ? na : baseMA - (capdev*(50-mediumRSI))
slowRSILine = not showRSI3 ? na : baseMA - (capdev*(50-slowRSI))

bl = plot(baseMA, color=black, title="Middle Line / RSI.50")

plot(not showRSI1 ? na : fastRSILine, color=blue, title="Fast RSI")
plot(not showRSI2 ? na : mediumRSILine, color=gray, title="Medium RSI")
plot(not showRSI3 ? na : slowRSILine, color=teal, title="Slow RSI")

//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   Over Bought/Sold Bands:     ----------------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||

OBLine = baseMA + (capdev*input(20))
OSLine = baseMA - (capdev*input(20))


ob1 = plot(not showOBSFill ? na : OBLine, color=black, style=circles, title="Over Bought Line")
os1 = plot(not showOBSFill ? na : OSLine, color=black, style=circles, title="Over Sold Line")

ob2 = plot(not showOBSFill ? na : baseMA + (capdev*50), color=black, style=circles, title="RSI.100 Line")
os2 = plot(not showOBSFill ? na : baseMA - (capdev*50), color=black, style=circles, title="RSI.0 Line")

fill(ob1, ob2, color=maroon, transp=90, title="Over Bought Fill")
fill(os1, os2, color=green, transp=90, title="Over Sold Fill")