OPEN-SOURCE SCRIPT
BE-RSI + Over Bought/Sold indicator. v1.05
**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
snapshot
In the picture, we have BTC 1.76% -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
Added - Middle Trend Line. Below, it's going down. Above, It's going up.
##################
This is just an indicator, it doesn't predict the price. Use it at your own risk.
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
snapshot
In the picture, we have BTC 1.76% -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
Added - Middle Trend Line. Below, it's going down. Above, It's going up.
##################
This is just an indicator, it doesn't predict the price. Use it at your own risk.
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