OPEN-SOURCE SCRIPT

Triple RSI with Trend Background

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**Triple RSI Indicator – Description & Usage Guide**

### 🔍 **What It Is**

The **Triple RSI Indicator** is a custom TradingView tool that visualizes **three Relative Strength Index (RSI)** values on the same panel (default periods: **9, 13, 21**) and highlights trend direction using **colored backgrounds**.

It helps traders quickly identify:

* **Bullish momentum** when short-term RSI is leading
* **Bearish or weak momentum** otherwise

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### ⚙️ **How It Works**

The script calculates:

* **RSI 1 (Fast)** — default period: 9
* **RSI 2 (Medium)** — default period: 13
* **RSI 3 (Slow)** — default period: 21

Then, it compares the values:

* ✅ **Bullish Condition**: RSI 9 > RSI 13 > RSI 21 → **Green Background**
* ❌ **Bearish Condition**: Any other order → **Red Background**

This logic helps spot when momentum is stacking in favor of buyers.

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### 🧪 **Customization Options**

In the indicator settings panel, you can change:

* RSI lengths (`RSI 1`, `RSI 2`, `RSI 3`)
* Line colors and thickness for each RSI
* Background color for bullish (green) and bearish (red) conditions

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### 📈 **How to Use It Effectively**

1. **Add the indicator to your chart** via Pine Script editor on TradingView.
2. **Look for green background** — this signals building bullish momentum (RSI stacking).
3. **Use it with other tools** like:

* **Volume spikes**
* **Breakouts above resistance**
* **MACD or EMA confirmation**
4. **Red background** suggests hesitation or bearish shift — consider avoiding long trades or managing risk.

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### 🧭 **Ideal For**

* Momentum traders
* Swing traders
* Anyone who wants a visual RSI trend filter


Penafian

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