I took a concept similar to the "Adaptive RSI" to get the RSI overlaid on a price chart. The problem I have with the Adaptive RSI is to me it sticks too closely to price. I wanted something much more visually helpful that can provide actual tradable signals and strategies.
The orange line you are seeing is the "RSI Trend Line"
The further the RSI moves away...
This is just simple trading idea draw into chart using labels and lines.
Please use it as educational purpose and you are free to modify any part of the script.
Semoga Terhibur.
Horizontal line for previous daily, weekly or monthly high.
By default :
Green Label - previous 1 day high
Yellow Label - previous 1 week high
Red Label - previous 1 month high
Each number and color can be change in setting.
Simple indicator for current price times current volume.
Two default signal
Green Bar with Blue Diamond - look for potential entry
Red Bar with Black Diamond - look for potential sell
Combine with Trendband Guide or Trendband Naked indicator for better result
