Would it be possible to create a standard RSI-based indicator like the attached?
What it shows are:
- Main Line (teal color) - the usual RSI line using "Close" and "n" periods (adjustable by user for calculation)
- High-Low channel (pink lines) - these are Highest and Lowest values that the RSI Main Line itself had reached during each candle. The High and Low channel values are based *only* on the RSI Main Line value for the current candle, not on X periods like other RSI channels. So, for example, the only times when the RSI Main Line will touch the High/Low channel is when the current candle Closes as Bullish/Bearish and *without any wicks* on the Top/Bottom.
I hope this makes sense but am happy to explain further in case of doubts.
Thank you in advance for your consideration regarding this indicator.
Sincerely
