[RS]RSI ZigZag V0
EXPERIMENTAL: method to draw a zigzag using rsi overbought/oversold levels.
study(title="[RS]RSI ZigZag V0", shorttitle="[RS]RSIZZ.V0", overlay=true) overbought = input(70) oversold = input(30) length = input(8) smooth = input(4) r = sma(rsi(close, length), smooth) //pzz = nz(zz[1], close) //zz = r >= overbought ? min(pzz, high) : r <= oversold ? max(pzz, low) : na zz = r >= overbought ? close : r <= oversold ? close : na plot(zz, color=blue, linewidth=3)
