Can be used as a 50 level cross by rsi or as overbought/oversold by setting the levels accordingly eg 70/30
// With levels candle border must be removed for better view // By Glaz study(title="RSI Chart Bars",overlay = true, shorttitle="RSI Bars") src = close, len = input(14, minval=1, title="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)) //coloring method below src1 = close, len1 = input(70, minval=1, title="UpLevel") src2 = close, len2 = input(30, minval=1, title="DownLevel") isup() => rsi > len1 isdown() => rsi < len2 barcolor(isup() ? green : isdown() ? red : na )