RSI Zones: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

18 lines of Pine Script v6 from src/script_manager/demos/RSI Zones.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

RSI Zones.pine

//@version=6
// Example script bundled with DegenView. Edit it freely.
// RSI in its own pane. The background tints while RSI is overbought or oversold.
indicator("RSI Zones", overlay = false)

length = input.int(14, "Length", minval = 2)
source = input.source(close, "Source")
overbought = input.int(70, "Overbought level", minval = 50, maxval = 100, group = "Zones")
oversold = input.int(30, "Oversold level", minval = 0, maxval = 50, group = "Zones")

value = ta.rsi(source, length)

plot(value, "RSI", color = color.purple, linewidth = 2)
hline(overbought, "Overbought", color = color.red)
hline(50, "Midline", color = color.gray)
hline(oversold, "Oversold", color = color.green)

bgcolor(value >= overbought ? color.new(color.red, 85) : value <= oversold ? color.new(color.green, 85) : na)

Overview

RSI Zones calculates RSI based on a user-defined length and source. Horizontal lines mark overbought at 70 in red, the midline at 50 in gray, and oversold at 30 in green. The background tints red when RSI exceeds the overbought level and green when below the oversold level. Inputs allow adjusting the length, source, and zone thresholds. It draws on the price chart with color-coded zones for momentum analysis.

RSI oscillator
overbought oversold zones
background coloring
separate pane
customizable levels

Details

Published by

degenview on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Markets

Any symbol

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.

File

src/script_manager/demos/RSI Zones.pine

Repository

github.com/degenview/degenview. See its other scripts in the library

Topics

bitcoinchartscryptopinestocktradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Length	`int`	`14`	`length`
Source	`source`	`close`	`source`
Overbought level	`int`	`70`	`overbought`
Oversold level	`int`	`30`	`oversold`

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.

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