Simple RSI Spotter

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™TradeChartist Simple RSI Spotter is an elegant version of the classic RSI indicator and helps spot price trends using visually engaging and appealing RSI plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry and exit based on RSI .

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What does Simple RSI Spotter do?

• Plots RSI with visually engaging colours for Bull and Bear zones (Green and Red) with optional background fill.

• Plots RSI coloured bars on main chart based on user preferred Upper and Lower RSI band.

• Plots RSI based on Zero-Lag EMA smoothing (1 for Regular RSI without smoothing).

• Plots Heikin Ashi RSI if enabled from indicator settings.

• Plots RSI highs of Bull Zone and RSI lows of Bear Zone. Helps visually spot divergences.

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Note:

Default Settings:

5 period EMA Smoothed Heikin Ashi RSI.

For normal RSI, uncheck, Heikin Ashi RSI and change EMA RSI Smoothing to 1.

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This is a free to use indicator.

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