Volume Rsi oversold/overbought
September 10, 2018, 12:31 PM
Indicators
3 Comments
A volume indicator that indicates overbought and oversold based on rsi. this indicator allows you to identify the overbought and oversold areas of the rsi with the colors ;
blue (oversold)
orange (overbought )
on the volume indicator
(adaptation for the Prorealtime v 10.3 platform of the Tradingview indicator.)
REM VOLUME RSI
//// by JonathanDeneaul on platform Tradingview
//adapted for the Prorealtime v10.3 platform by bolsatrilera
//@version=3
//RSI
src = close
len = 14//minval=1, title="RSI")
upper=70 //minval=1, title="Upper"
lower=30 //minval=1, title="Lower"
rmaup=max(src-src[1],0)
up =WilderAverage[len](rmaup)
rmadown=-min(src-src[1],0)
down = WilderAverage[len](rmadown)
if down =0 then
rrsi= 100
elsif up = 0 then
rrsi = 0
else
rrsi = 100 - (100 / (1 + up / down))
endif
//Volume
if rrsi>upper then
Vol =volume
r=255
g=165
b=0
elsif rrsi<lower then
Vol =volume
r=0
g=0
b=255
elsif close<open then
Vol =volume
r=255
g=0
b=0
elsif close>=open then
Vol =volume
r=50
g=205
b=50
endif
return Vol coloured(r,g,b)style(histogram)as "VOLRSI"
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Filename:
Volume-RSI.itf
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