OPEN-SOURCE SCRIPT
Updated RSI & Volume Coloured Bars
Candles get darker when volume is high, and brighter when volume is low. They are red or green depending on whether the RSI is above or below a threshold value, or alternatively you can pick a more vanilla coloring based on current close vs last close or last open.
For personal use as I enjoy the aesthetics of it. The more solid RSI coloring helps highlight the brightness variations from changing volume and makes trends crystal clear.
Inspired by "Volume Based Coloured Bars" by KivancOzbilgic:
and by and by RSI bars chart by taskman9:
tradingview.com/v/TSZVxrAE/
For personal use as I enjoy the aesthetics of it. The more solid RSI coloring helps highlight the brightness variations from changing volume and makes trends crystal clear.
Inspired by "Volume Based Coloured Bars" by KivancOzbilgic:
and by and by RSI bars chart by taskman9:
tradingview.com/v/TSZVxrAE/
Release Notes
Added an "invert" checkbox that lets you invert red/green should you want to.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.