Bjorgum RSI

RSI output signals are displayed with color change to reflect the plotted value. This makes evaluating RSI conditions require but a glance.

RSI momentum buy signals are given on the cross of the 50 level, whereas sell signals are given on a fall below.

Default values a 5 period RSI which gives more timely entrances and exits for swing traders. This can be adjusted to the typical 14 period if the viewer desires slower signals.

Bullish and bearish area is shaded to accentuate the signal to the eye.

Excellent results can be found when coupling BJ RSI , with BJ TSI, and the reversal system using all 3 as a complete together simultaneously

Default color changes are plotted as a recorded value falls within the following levels:

RSI < 30 = green
RSI 30-50 = red
RSI 50-70 = blue
RSI 70-80 = yellow
RSI 80-90 = orange
RSI 90-100 = white hot
Note di rilascio: *ALL NEW*

RSI is now fully customizable at each 5 cent increment. Create your own color schemes outside of default to alter the plot color at any RSI level you choose
Note di rilascio: Dual speed selector

Fast (default) uses typical BJ RSI inputs for a 5 period RSI. Best for swing trading - quick signals, more whipsaw

Slow (optional) uses a standard RSI input of 14 periods. Better for longer holds or volatile assets - less whipsaw, later signals

The user can select desired speed by simply selecting the drop down box to vary between user defined input lengths

Added alert function for RSI crossing 50. Alert specifies time period triggered and price at time of alert
Note di rilascio: Added optional toggle on input screen that will change the bar color to the user defined color values inline with RSI values.

*Default is to not show bar color user must opt for the function*
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?


thanks for your sharing
100 coin
+1 Rispondi
Bjorgum tinkl
@tinkl, Just noticed this! Thank you very much - very nice of you!
This is a good complement confirmation ot my trading and a neat design as well. Brilliant!
+2 Rispondi
Bjorgum LittleBanii
@LittleBanii, Thank you, I am happy it helps you. So often the simplest strategies are the most effective! GL
Thank you so much, this is what I am looking for
+1 Rispondi
Bjorgum murfichan
@murfichan, So happy to have helped - all the best my friend
Thank you so much Bjorgum!! This is super!!
+1 Rispondi
Bjorgum kaskam
@kaskam, You're welcome!! Good fortune to you. Godspeed
colors of candles not changed please reply
+1 Rispondi
Bjorgum gdpise
@gdpise this was intended as a stand alone indicator, but I will add and update