RSI Candles [cI8DH]
This is candle visualization of regular RSI. That's all.
I have seen two other RSI candles, but their implementation is not correct. The high on RSI usually matches the low on price and vice versa. I have completely turned off the wicks so you can safely use this indicator as a replacement for regular RSI.
I have seen two other RSI candles, but their implementation is not correct. The high on RSI usually matches the low on price and vice versa. I have completely turned off the wicks so you can safely use this indicator as a replacement for regular RSI.
Versionshinweise:
added a band as requested by my friend
Versionshinweise:
- Added dynamic inner band that can be used during sideways periods
- Implemented the True RSI fix explained here
- Implemented the True RSI fix explained here
![True Relative Strength Index (True RSI / TRSI) [cI8DH]](https://s3.tradingview.com/k/kfFjkxCa_big.png)
Versionshinweise:
- added standard deviation inner band calculation method
Versionshinweise:
- minor code optimization