[RS]RSIC - Oscilator Bands V0
EXPERIMENTAL: stashed and forgotten :p , forgot to publish this one.
untill recently was asked about it because it was used on another script :D
usage similar to how to read a rsi.
untill recently was asked about it because it was used on another script :D
usage similar to how to read a rsi.
// @author RicardoSantos
// RSI inspired oscilator bands channels.
// Can be interpreted as a RSI oscilator but at price level.
study(title="[RS]RSIC - Oscilator Bands V0", shorttitle="[RS]RSIC.V0", overlay=true)
lenght = input(3)
margin = input(4)
tf = margin
mp = (0.0001 * close) * margin
ph = avg(high, high[tf])
ph2 = wma((ph+mp)+(high-hl2), lenght*3)
pl = avg(low, low[tf])
pl2 = wma((pl-mp)-(low-hl2), lenght*3)
ma1 = alma((
close >= ph[1] ? high + high - ph + mp :
close <= pl[1] ? low - low + pl - mp :
hlc3), lenght, 0.55, 6)
pu = plot(ph2, style=cross, color=silver, linewidth=0)
pd = plot(pl2,style=cross, color=silver, linewidth=0)
pc = plot(ma1, style=line, color=silver, linewidth=1)
fill(pu,pc, color=red, transp=80)
fill(pd,pc, color=green, transp=80)