This indicator was designed to plot lines from prices of overbought (OB) and oversold (OS) RSI levels in chart. It will also create a visible band between these levels.
It's main utility is to show in chart current and past prices for OB/OS RSI levels. Traditionally the RSI is considered overbought when above 70 and oversold when below 30 but you can customize...
This is a modified version of LazyBear's RSI Bands script. I added the possibility to display multiple RSI bands, so you can see the zones, where it is viable to enter a long or a short. You can also use different time frames, so you can visually see where any specific value of RSI is for your given time frame. This gives you a lot of possibilities. Default...