A Simple Indicator to see RSI - HH or LL with Bands - Divergence more visible
//@author CapnOscar study(title="RSI-Band", shorttitle="RSI-Band") SWperiod = input(34, minval=1, title="SWperiod") look = input(0, minval=0, title="Shift") OverBought = input(70, minval=50) OverSold = input(30, maxval=50) bandmx = hline(90) bandmn = hline(10) band1 = hline(OverBought) band0 = hline(OverSold) band50 = hline(50) fill(band1, band0, color=purple, transp=95) src = close, len = input(21, minval=1, title="RSI Length"), crosslen = input(7, minval=1, title="Cross Length") up = rma(max(change(src), 0), len) down = rma(-min(change(src), 0), len) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) newrsi = sma(rsi,crosslen) trsi = plot(rsi, color=black, linewidth=1) highrsi = highest(rsi[look], SWperiod) lowrsi = lowest(rsi[look], SWperiod) avgrsi = avg(highrsi,lowrsi) smaavg = sma(avgrsi,crosslen) plhrsi = plot(highrsi, color=olive) pllrsi = plot(lowrsi, color=olive ) fill(plhrsi, trsi, color=red, transp=50) fill(pllrsi, trsi, color=green, transp=50)