This is simple indicator modified RSI
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 07/08/2014 // This simple indicator modified RSI // You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... //////////////////////////////////////////////////////////// study(title="RSI HistoAlert") RSIPeriod = input(13, minval=1) BuyAlertLevel = input(-10) SellAlertLevel = input(10) RSIHistoModify = input(1.5) hline(0, color=purple, linestyle=line) hline(BuyAlertLevel, color=green, linestyle=dashed) hline(SellAlertLevel, color=red, linestyle=dashed) xPrice = close RSIMain = (rsi(xPrice, RSIPeriod) - 50) * RSIHistoModify rsiHcolor = iff(RSIMain >= 0 , green, iff(RSIMain < 0, red, black)) plot(RSIMain, color=blue, title="RSI HistoAlert") plot(RSIMain, color=rsiHcolor, title="Histogram", style = histogram, linewidth = 1)