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Stochastic RSI Heat Bollinger Bands

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This indicator is based on a combination of the famous Bollinger Bands and the Stochastic RSI indicator.

Bands are dynamically colored (and filled) with a RGB color composed by red and green values, directly generated from the average Stochastic RSI current value.
By default, colors represent the following status -> green zone is overgought & red zone is oversold.
A screener is also displayed on the chart, representing StochRSI K and D lines values, RSI value, as well as the current status (Overbought/Oversold) of the StochRSI and RSI indicators.

Notes:
The heat color and the screener status are both based on the average value between the K and D lines (for stochastic RSI based heat)
Bands can be disabled in options to use this indicator as a simple moving average colored by the Stochastic RSI heat color.

Options:
  • Various moving average types (SMA, EMA, SMMA, VWMA...)
  • Inversion of colors between overbought and oversold status
  • Enabling/disabling heat color on bands / basis line and bands background color
  • Show/Hide the screener
  • Color source can be modified to base the heat on the RSI instead of the Stochastic RSI value
  • Standards Bollinger bands, Stochastic and RSI parameters


Example
快照

Feel free to suggest any improvements in comment.
發行說明
Update
  • Diamonds representing oversold and overbought situaitons has been added to the top of the chart. This option can be disabled in parameters
Bollinger Bands (BB)combinationindicatorHEATRelative Strength Index (RSI)Stochastic RSI (STOCH RSI)

開源腳本

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