OPEN-SOURCE SCRIPT
Updated Fibonacci RSI Ribbon (UO)
All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30
Release Notes
All levels and RSIs are calculated using Fib numbers. RSI hitting a Fib level is more useful than just hitting 70 or 30Release Notes
When the trend moves below RSI 50, a red circle is printed.When the trend moves above RSI 50, a green circle is printed.
Release Notes
To make the circles that tell the trend change, I also plot a triangle at the top or bottomOpen-source script
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.
Disclaimer
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.
Open-source script
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.
Disclaimer
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.