This script will draw a live, updating-RSI on the main chart. As the price updates, the RSI line will self-adjust between the highest high an the lowest low for the RSI period.
Settings/Customizations:
RSI Length: Calculate RSI and draw RSI Line for specified period Overbought Level: Draw maroon box from OB level to highest high. Oversold Level: Draw green box from lowest low to OS level. Scale Offset: Fine-tune location of 0-100 scale. Show Scale: Draw 0-100 levels to the right of the RSI line. Show RSI Line: Draw a line from the start of the RSI period to the current price. Show OB/OS Boxes: Enable or disable background for overbought and oversold areas. Realtime: Draw all data in real time.
RSI on overlay chart is same as current RSI on bottom chart
RSI without scale, boxes, or RSI Line
“Repainting” Note: The current RSI level is calculated in real time as each price changes, so yes this does “repaint” on the current bar. This is by design and will not change the effectiveness of the script. However, if you are using this script to generate signals, uncheck “Realtime” and/or use “once per bar close” for alerts.
Anyway can have it for a higher timeframe rsi? if i wanted to have the quick glance rsi 15m, on a 3m chart?
framingham508
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genius friend, are you able to add option of different indicator? can this be done with the macd? that would be amazing
xxattaxx-DisDev
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@framingham508, not too difficult but it would take some time to readjust the script. Will have to come back to it when I have some free time.
framingham508
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@mvs1231, awesome, i will most definitely check back,, also is there a way this rsi can PLOT the 50 line? i dont use 70/30 as oversold overbought, anyway to plot the 50 line?