Ultimate RSIs

This RSI script includes everything you could want on an RSI. There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks.

Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.

Release Notes

The values of the default RSIs have been updated to give a more useful contextual view of the market. For example: the orange RSI band is calibrated to reach Overbought within the dotcom bubble on QQQ. If you see a stock with an orange RSI in overbought territory, it should indicate a fall, or a long period of flat returns to cool off.

Release Notes

Update is being made to correct the image in order to comply with ToS.

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.

ATSpain

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

For quick access on a chart, add this script to your favorites — learn more here.

ATSpain