RSI Levels

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The relative strength index ( RSI ) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period

This indicator allows us to visualize the levels of rsi in the chart, so that we can calculate take profit and stop points in a simple way, knowing what position the price is currently in relation to these levels and how much space we have

Benefits:

  • Visualize the slope of the three levels of rsi , overbought, oversold and level 50, something that is not possible in the oscillator version
  • It allows you to display 2 rsi values at the same time
  • Allows to change the color of candlesticks based on rsi

RSI Levels by VerticaltradersIndicators on TradingView.com

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