RSI Indicators for TradingView

The RSI indicator is used as a foundation in many custom and public scripts. The structure of the Relative Strength Index oscillator is designed so that, in addition to displaying the relative strength status of price, it also allows overlaying with horizontal levels, alert zones, and trendlines. This feature makes it possible to assess the overbought or oversold condition in price analysis. The RSI value fluctuates between zero and one hundred and is calculated based on the ratio of the average positive and negative price changes over a specific period. These calculations are displayed as a graphical curve, usually accompanied by the key levels of 30 and 70. In versions released for free via Trading Finder, the RSI indicator is offered with the ability to combine with other tools (such as EMA or ATR). Furthermore, divergences between the RSI line and price are used as one of the indirect signals in many analytical templates in TradingView to identify trend weakness.