Smooth Gradient RSI

10 apr

The RSI READY NO1 is a custom-designed Relative Strength Index (RSI) indicator that visually enhances the classic RSI functionality with modern aesthetics and user-friendly features. Its purpose is to provide smooth and clear insights into price momentum and potential reversal zones.

**Key Features**:
- **Smooth Gradient Line**: The RSI line dynamically changes color from green (low RSI values) to red (high RSI values) through a gradient transition. This visually intuitive representation highlights changes in momentum and overbought/oversold conditions.

- **Customizable Background**: Users can select their preferred background color to enhance visual clarity and suit their personal preferences or chart themes.

- **Precise Levels Marking**: The Overbought Level (default: 70) and Oversold Level (default: 30) are marked with white dashed lines of thickness 2, ensuring clear visibility of critical zones.

**Visual Enhancements**:
- The gradient feature makes the RSI more visually appealing, helping traders quickly identify shifts in market momentum.
- Clean design ensures focus remains on the RSI line, with minimal distractions.

**Usability**:
- Designed for easy integration into charts with parameters customizable directly from the interface.
- Compatible with TradingView platform, leveraging Pine Script Version 5.

This indicator is ideal for traders who prioritize visual clarity and customization, providing enhanced insights into market trends and dynamics.

11 apr

Note di rilascio

Smooth Gradient RSI with Alerts

This indicator calculates and displays the Relative Strength Index (RSI) with a visually appealing, smooth gradient line. The gradient color changes dynamically based on the RSI value, transitioning from green (indicating lower values or potential oversold conditions) to red (indicating higher values or potential overbought conditions).

Key Features:


RSI Calculation: The indicator computes the RSI using a user-defined period (default is 14). This calculation helps in identifying momentum in the underlying asset.

Smooth Gradient Display: The RSI line is plotted with a gradient color. The gradient is determined by:


Increasing red intensity as the RSI value moves higher.

Decreasing green intensity as the RSI value moves higher. The blue component remains fixed at zero. This creates a smooth visual transition that intuitively reflects the signal strength.

Customizable Background: A background color is applied behind the RSI plot. The user can choose this color via the input settings, enhancing the overall visual appeal of the chart.

Horizontal Reference Lines: The indicator draws two horizontal dashed lines:

One at the overbought level (default 70).

One at the oversold level (default 30). These lines are styled in white, with a line width of 1, to clearly mark key levels for potential buy or sell signals.

Alerts: Alert conditions are built into the indicator:

An alert is triggered when the RSI crosses above the overbought level (70).

Another alert is triggered when the RSI crosses below the oversold level (30). Note that while these conditions are defined in the script, the actual alert sound and additional alert settings must be configured within TradingView’s alert dialog.