OPEN-SOURCE SCRIPT
RSI to 50 (decimal version) - TemujinTrading
Simple indicator that shows the price levels required for the RSI to get to the value of 50.
What I observe is 50 rsi often acts as support or resistance and is a fair indication of bullish/bearish sentiment and price action and bounce/rejection levels.
It provides a table showing current time frame, 4 hr, daily, weekly describing the current rsi value and the price needed for that rsi to get to 50. This table is colored red when bearish at the time frame and green when bullish (as per <50 rsi or >50rsi).
Plots historical lines of each previous candle in the series showing how price interacts.
Updated script to allow manual input of price decimals to enable more assets price to be viewable in the table format.
What I observe is 50 rsi often acts as support or resistance and is a fair indication of bullish/bearish sentiment and price action and bounce/rejection levels.
It provides a table showing current time frame, 4 hr, daily, weekly describing the current rsi value and the price needed for that rsi to get to 50. This table is colored red when bearish at the time frame and green when bullish (as per <50 rsi or >50rsi).
Plots historical lines of each previous candle in the series showing how price interacts.
Updated script to allow manual input of price decimals to enable more assets price to be viewable in the table format.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
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.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
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.