OPEN-SOURCE SCRIPT

RSI ATR Channel

Updated

Draws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.

Release Notes

Better calculation of channel limits, improvements of repaint.

Release Notes

A bit of comments in the code, added proper calculation of the channels to avoid repaint as much as possible

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

danarm

Also on:

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.