This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
RSI %B on Chart
This indicator plots the Relative Strength Index (RSI) and its Bollinger Band percentage bandwidth (%B) deviation directly on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code58
Settings8inputs
LicenceNone stated
Last update1 year ago17 Jan 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
RSI %B on Chart calculates RSI from a user-defined source and length, applies an EMA, and derives the %B deviation using a configurable standard deviation multiplier. Breakout conditions trigger when %B crosses defined thresholds while RSI is overbought or oversold, producing buy and sell alert signals. Primary settings modify RSI parameters, Bollinger multiplier, and breakout values. No exit rules, stop loss, or position sizing are provided, so signals serve as manual reversal cues only. The script draws on the main price pane and supports any timeframe for cryptocurrency analysis.
- RSI oscillator
- Bollinger %B deviation
- breakout alerts
- oversold overbought signals
- crypto indicators
Details
Published by
zhuzp98 on GitHub
Code credit
rhapsodyz, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Volatility & bands, Breakout, Mean reversion
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 14 | rsiLength |
| RSI Source | source | close | rsiSource |
| MA Length | int | 14 | rsiMALength |
| Boll StdDev | float | 1.95 | rsiBollMult |
| Show Breakout | bool | true | showBreakout |
| Breakout Value Low | float | 0.75 | rsiDivBreakLow |
| Breakout Value High | float | 1.4 | rsiDivBreakHigh |
| RSI Raw Breakout Value | int | 12 | rsiRawBreak |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
This overlay indicator marks Linda Raschke short-term bar setups on the price chart. It flags Turtle Soup and Turtle Soup plus one false breakouts of a prior extreme, 80-20 bars, inside bars, failed inside-bar breakouts, outside up and down bars, NR4 and NR7 c
This indicator combines Bollinger Bands, RSI, Stochastic RSI, and volume spike detection to identify mean-reversion conditions during range-bound market regimes. It calculates Bollinger Band width to identify low-volatility states and triggers buy or sell sign
This indicator identifies standard deviation breakout signals by comparing standard deviation against its simple moving average. A long signal triggers when standard deviation crosses above its moving average during a bullish candle, while a short signal occur
Commodity Heat Reversal plots score-based mean-reversion reversal markers on the price chart for commodity futures, aimed at the four-hour timeframe. It builds separate long and short heat scores from ATR distance to a mean moving average, ATR expansion, RSI e
This overlay indicator scores breakouts of recent highs and lows against failed-breakout checks, EMA trend alignment, RSI momentum, and an ATR volatility band. It plots green buy and red sell labels when conditions pass a minimum score, and it prints ATR-based
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers