QuantitativeExhaustion

[RS][JR]RSI Price Bands

RSI Price Bands
By Ricardo Santos and JR

Have you ever wondered what RSI would look like as a Band? Well here it is. First premier Trading View special, RSI Price Band. Red shows overbought and Green shows oversold. You can also adjust what levels you prefer for overbought and oversold, and what additional RSI lengths you would like to see displayed on the chart..
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?
study("[RS][JR]RSI Price Bands", overlay=true)

//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   INPUTS:     --------------------------------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||
src = input(defval=hlc3, type=source, title="Source Series to be Used:")

showRSI1 = input(defval=true, type=bool, title="Show RSI Line 1?")
showRSI2 = input(defval=true, type=bool, title="Show RSI Line 2?")
showRSI3 = input(defval=true, type=bool, title="Show RSI Line 3?")

baseMA_length = input(defval=100, type=integer, minval=1, title="Bands Smoothness Period Length:")

fast_rsi_length = input(defval=7, type=integer, minval=1, title="Fast RSI Period Length:")
fast_smooth_length = input(defval=1, type=integer, minval=1, title="Fast RSI Smoothness Length:")
medium_rsi_length = input(defval=21, type=integer, minval=1, title="Medium RSI Period Length:")
medium_smooth_length = input(defval=1, type=integer, minval=1, title="Medium RSI Smoothness Length:")
slow_rsi_length = input(defval=50, type=integer, minval=1, title="Slow RSI Period Length:")
slow_smooth_length = input(defval=1, type=integer, minval=1, title="Slow RSI Smoothness Length:")

deviation_length = input(defval=2, type=integer, minval=1, title="Bands Tightness Period Length:")

showOBSFill = input(defval=true, type=bool, title="Show Over Bought/Sold Bands?")

//  ||--------------------------------------------------------------------------------------------------------------------------||
hh = highest(baseMA_length)
ll = lowest(baseMA_length)
//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   RSI to Price level conversion:     ---------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||

baseMA = ema(avg(hh,ll), 10)//ema(src, baseMA_length)

capdev = cum(stdev(src, deviation_length)) / (n+1)

fastRSI = not showRSI1 ? na : ema(rsi(src, fast_rsi_length), fast_smooth_length)
mediumRSI = not showRSI2 ? na : ema(rsi(src, medium_rsi_length), medium_smooth_length)
slowRSI = not showRSI3 ? na : ema(rsi(src, slow_rsi_length), slow_smooth_length)

fastRSILine = not showRSI1 ? na : baseMA - (capdev*(50-fastRSI))
mediumRSILine = not showRSI2 ? na : baseMA - (capdev*(50-mediumRSI))
slowRSILine = not showRSI3 ? na : baseMA - (capdev*(50-slowRSI))

bl = plot(baseMA, color=black, title="Middle Line / RSI.50")

plot(not showRSI1 ? na : fastRSILine, color=blue, title="Fast RSI")
plot(not showRSI2 ? na : mediumRSILine, color=gray, title="Medium RSI")
plot(not showRSI3 ? na : slowRSILine, color=teal, title="Slow RSI")

//  ||--------------------------------------------------------------------------------------------------------------------------||
//  ||---   Over Bought/Sold Bands:     ----------------------------------------------------------------------------------------||
//  ||--------------------------------------------------------------------------------------------------------------------------||

OBLine = baseMA + (capdev*input(20))
OSLine = baseMA - (capdev*input(20))


ob1 = plot(not showOBSFill ? na : OBLine, color=black, style=circles, title="Over Bought Line")
os1 = plot(not showOBSFill ? na : OSLine, color=black, style=circles, title="Over Sold Line")

ob2 = plot(not showOBSFill ? na : baseMA + (capdev*50), color=black, style=circles, title="RSI.100 Line")
os2 = plot(not showOBSFill ? na : baseMA - (capdev*50), color=black, style=circles, title="RSI.0 Line")

fill(ob1, ob2, color=maroon, transp=90, title="Over Bought Fill")
fill(os1, os2, color=green, transp=90, title="Over Sold Fill")