PROTECTED SOURCE SCRIPT
AnNam RSI Cycle [PlungerMen]

This script improves the default RSI 14
1: it identifies regions of the RSI which are oversold and overbought by changing the color of RSI from white to red.
2: it adds additional reference lines at 20,25.. 75,80 to better gauge the RSI value
Finally, the coolest feature, the middle 50 line is used to indicate which cycle the price is currently at
A green color at the 50 line indicates a bullish cycle, a red color indicators a bearish cycle, and a white color indicates a neutral cycle.
The cycles are determined using the RSI as follows:
if RSI is overbought, cycle switches to bullish until RSI falls below 40 , at which point it becomes neutral
if RSI is oversold, cycle switches bearish until RSI rises above 60, at which point it becomes neutral
a neutral cycle is exited at either overbought or oversold conditions
Thank for TradeCamily!
1: it identifies regions of the RSI which are oversold and overbought by changing the color of RSI from white to red.
2: it adds additional reference lines at 20,25.. 75,80 to better gauge the RSI value
Finally, the coolest feature, the middle 50 line is used to indicate which cycle the price is currently at
A green color at the 50 line indicates a bullish cycle, a red color indicators a bearish cycle, and a white color indicates a neutral cycle.
The cycles are determined using the RSI as follows:
if RSI is overbought, cycle switches to bullish until RSI falls below 40 , at which point it becomes neutral
if RSI is oversold, cycle switches bearish until RSI rises above 60, at which point it becomes neutral
a neutral cycle is exited at either overbought or oversold conditions
Thank for TradeCamily!
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由使用,沒有任何限制 — 點擊此處了解更多。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。