This method of trend analysis draws the RSI channel from 50 to 60 on the chart. If it's over 60, the channel is green.
When Bitcoin goes on its insane runs, the RSI on the 3 day chart will often be pegged at extreme values. Our goal is to visually represent these moments.
By default, this uses the 3 day resolution for its calculations. Feel free to disable this and it will work on any timeframe.
very thank you sir, for this great formulation, searched many but found this one awesome., done some modifications for myself, made 2 channels oversold too.,
now its very easy to find overbought, choppiness and oversold zone, thanks once again
FinTechKing
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@jboyjeet9017, can you share yours modified indicator. Thanks
now its very easy to find overbought, choppiness and oversold zone, thanks once again