Displaying RSI Directly on the Price Chart

Summary

The document describes a way to display the Relative Strength Index on the main price chart rather than in a separate indicator pane. It says this version uses a highest-high and lowest-low channel to map the oscillator onto the chart, allowing RSI and price action to be viewed together. The purpose is a more integrated visual presentation, not a new RSI formula or a standalone trading strategy.

The indicator is intended to be used like a conventional RSI. It also offers three coloring modes to help interpret or distinguish the display. The document does not specify the RSI period, channel construction details, color rules, thresholds, or entry and exit criteria. It provides no chart examples, backtest, or performance evidence, so readers cannot assess how the visual transformation affects interpretation or whether it improves decisions.

Key ideas

• The indicator places an RSI display on the price chart instead of in a separate pane.
• It uses a highest-high and lowest-low channel to represent the oscillator on the chart.
• The author recommends interpreting it as an ordinary RSI.
• Three coloring modes are available, but their logic is not described.
• The document provides no parameters, trading rules, examples, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.