OPEN-SOURCE SCRIPT

RSI Cave

Updated

Gives the same info as a conventional RSI oscillator except it's shown as a scary cave that price is trying to avoid touching. An indicator for the more visual traders out there. With thanks to LazyBear for the RSI band code.

I've included an RSI in the chart above for demonstration purposes.

Release Notes

Added green/red overbought/sold highlights. They can be disabled in options

Release Notes

Updated to v4, fixed display issue and added suggestion from comments

Release Notes

Added RSI centre line (RMA) and option to hide the gray part. Made it more compatible with low sat crypto markets

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?

scarf

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.