RSI Support/Resistance! (Experimental) ʙʏ DGT ☼☾
Relative Strength Index (RSI) is a widely used momentum indicator that has overbought/oversold levels. DGT; in this script, aims to plot the RSI OB/OS zones as support/resistance zones on the chart by marking the price levels of previous OB/OS conditions and it turns out to be impressive! Even though only an experimental work of DGT, I sincerely think this is full of learning outcome. Hope it'll be helpful in your support and resistance analysis!
https://www.tradingview.com/script/pn...
My Twitter: / lucidreamer15
Drive link for source codes: https://drive.google.com/drive/folder...
Do not treat this video as explicit financial, investment or trading advice.