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Fibo RSI

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This is a customized Relative Strength Index (RSI) indicator designed to replicate TradingView’s default RSI while adding additional reference levels for deeper market analysis.

🔹 Features:

RSI length set to 8 by default (user adjustable).

Calculates RSI using the standard ta.rsi() function.

Plots the RSI line in a clean, separate panel.

Adds 7 key levels for analysis: 0, 20, 30, 50, 70, 80, 100.

Levels are drawn as thin, solid straight lines for a cleaner look (instead of default dashed).

🔹 Use cases:

Identify momentum shifts with enhanced precision.

Use intermediate levels (20, 30, 50, 70, 80) as potential support/resistance zones.

Ideal for traders who want a Fibonacci-like structure in RSI analysis.

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