Indicator on Trading View
Hello everyone!
We need to create an indicator on TradingView. There is a ready-made indicator called RSI Candles, which colors the candles in places where the RSI value goes beyond 30/70.
We need to take the RSI Candles indicator as a basis and add a couple of variables based on EMA, so that the indicator understands where the price is moving, up or down.
In the end, we should have an indicator called RSI Bars, but one that understands where the price is moving due to EMA, and changes the RSI values depending on the conditions of movement on the chart. There will be a total of 4 conditions.
Please suggest how you can help and your price for implementing the project.
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413 9 0 I will create an RSI Bars indicator for you that will take into account the price movement direction based on EMA. For this, I will use the source code of the RSI Candles indicator, add the calculation of two EMAs with customizable periods, and by determining the trend direction using the crossing of EMAs and/or the price position relative to the EMAs, I will modify the RSI. Depending on the trend direction and RSI values (above 70 or below 30), the bars will be colored differently: green (overbought in an uptrend), red (overbought in a downtrend), blue (oversold in an uptrend), and orange (oversold in a downtrend). The indicator will display RSI Bars colored according to the specified conditions and, if desired, the EMAs themselves on the chart.
Terms and final price by agreement.
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