This RSI script includes everything you could want on an RSI. There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks.
Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.
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The values of the default RSIs have been updated to give a more useful contextual view of the market. For example: the orange RSI band is calibrated to reach Overbought within the dotcom bubble on QQQ. If you see a stock with an orange RSI in overbought territory, it should indicate a fall, or a long period of flat returns to cool off.
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Update is being made to correct the image in order to comply with ToS.