OPEN-SOURCE SCRIPT
RSI Trend v5
Put this RSI Indicator set to 1 Minute time frame and a copy of this RSI Indicator set to 5 minute time frame on the same pane.
Indicator colors the pane a shade of green (input; opacity, color) shading when:
5M RSI is above its Moving Average
and
1M RSI is above its Moving Average
Indicator colors the pane a shade of red (input; opacity, color) shading when:
5M RSI is below its Moving Average
and
1M RSI is below its Moving Average
Indicator colors the pane a shade of green (input; opacity, color) shading when:
5M RSI is above its Moving Average
and
1M RSI is above its Moving Average
Indicator colors the pane a shade of red (input; opacity, color) shading when:
5M RSI is below its Moving Average
and
1M RSI is below its Moving Average
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.