RSI Bands, RSI %B and RSI Bandwidth

RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional".

I have also coded up 2 scripts to visualize %B and Bandwidth, just as in BollingerBands. As you can see %B is equivalent to the actual RSI . Along with RSI_Bandwidth and %B, the bands convey a lot of information.

Another tip is to render Bollinger Bands along with RSIBands...endless possibilities :)

I have included all 3 scripts in the same chart, as they are all related. Since TradingView doesn't allow sharing more than one script in the same chart, you can only "Add script" RSI Bands.

If you want to use RSI %B and Bandwidth, follow this guide to "Make mine" this chart and get access to the source:

For the complete list of my indicators, check this post:
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
// @author LazyBear 
// List of all my indicators:
study("RSI Bands [LazyBear]", shorttitle="RSIBANDS_LB", overlay=true)
obLevel = input(70, title="RSI Overbought")
osLevel = input(30, title="RSI Oversold")
length = input(14, title="RSI Length")
ep = 2 * length - 1
auc = ema( max( src - src[1], 0 ), ep )
adc = ema( max( src[1] - src, 0 ), ep )
x1 = (length - 1) * ( adc * obLevel / (100-obLevel) - auc)
ub = iff( x1 >= 0, src + x1, src + x1 * (100-obLevel)/obLevel )
x2 = (length - 1) * ( adc * osLevel / (100-osLevel) - auc)
lb = iff( x2 >= 0, src + x2, src + x2 * (100-osLevel)/osLevel )

plot( ub, title="Resistance", color=red, linewidth=2)
plot( lb, title="Support", color=green, linewidth=2)
plot( avg(ub, lb), title="RSI Midline", color=gray, linewidth=1)

List of my free indicators:
List of my indicators at Appstore:

Bình luận

I want to use RSI %B and Bandwidth, i tried to look for "Make mine" button, i dont see that button any more. can you or any one, point me to where to find the RSI %B and Bandwidth ?
i can see the RSI bands in the indicator list but no the RSI %B and Bandwidth.
+11 Phản hồi
how can i get RSI %B and Bandwidth?
+3 Phản hồi
Thanks for this great indicator.
Can you share RSI %B and Bandwidth scripts?
+3 Phản hồi
This is a fantastic indicator, thank you so much for sharing this with us. I have been looking for something like this for weeks. Once again, thanks so much!!
+2 Phản hồi
AMAZING INDICATOR.. my search for indicator has come to an end with this indicator. Thanks.. I have practically tried all possible indicators here.. this is the best and the last one.. thanks
+2 Phản hồi
YW :)
+1 Phản hồi
BizkitBR LazyBear
Hey LazyBear is your new RSIBands+ with background colors OB/OS lines ready to post here yet? Thanks....
Phản hồi
LazyBear BizkitBR
Here you go:


Sample image:
+3 Phản hồi
I like this overlay + indicator. These two combos have great results.
+2 Phản hồi
For those looking for the RB%B_LB I have posted the script at

since the make it mine feature is no longer available. Thanks for all these great indis lazy bear!
+1 Phản hồi
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