When RSI is above 50 our default bias is on buy side and when below 50 our bias is on sell side. Therefore created 2 zones for easy identification.
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Version 2: -> Added color change column strip in RSI indicator on midline cross [default value = false] -> Added color Change of bar on cross on midline in RSI [default value = false]
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Updated
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updated
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Added Neutral Zone in RSI to signifies range bound market.
You can tweak the neural zone to meet your instrument sideways condition.
You can set value of neutral zone value of both side as 50, if you don't want to see neutral zone.