The script shows arrows on bars that are in overbought or oversold, based on the set parameters of Relative Strength Index ( RSI ) and Relative Volatility Index (RVI). Also there is a universal allert, which includes both conditions - overbought and oversold.
You can change the period of RSI and RVI, as well as the upper and lower boundaries of these indicators.
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The script indicates overbought or oversold, based on the set parameters of Relative Strength Index ( RSI ) and Relative Volatility Index (RVI). Also there is a universal alert, which includes both conditions - overbought and oversold.
You can change the period of RSI and RVI, as well as the upper and lower boundaries of these indicators.