// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © NKactive

//@version=5
indicator("RSI Indicator NK v1.0", overlay=false)
// Identifies a regions between boundaries when to stay in trend
// The volatile rsi crosses the boundaries.
// When between the boundaries cancel buy/sell to keep in position and remove whips
// ****************************************************************************************************************************************************************
rsiLenLowBoundary = input.int(defval=200, title="rsiLenLowBoundary")
rsiLenHighBoundary = input.int(defval=100, title="rsiLenHighBoundary")
rsiLenVolatile = input.int(defval=50, title="rsiLenVolatile")

rsiLowBoundary = ta.rsi(close, rsiLenLowBoundary)
rsiHighBoundary = ta.rsi(close, rsiLenHighBoundary)
rsiVolatile = ta.rsi(close, rsiLenVolatile)

plot(rsiLowBoundary, title="rsiLowBoundary", color=color.new(color.gray, 70), linewidth = 1)
plot(rsiHighBoundary, title="rsiHighBoundary", color=color.new(color.gray, 70), linewidth = 1) //add this and see what happens...
plot(rsiVolatile, title="rsiVolatile", color=color.new(color.gray, 10), linewidth = 2) //add this and see what happens...

cancelSignal = 50
//if rsiVolatile >= rsiHighBoundary and rsiVolatile <= rsiLowBoundary
//    cancelSignal := 50
if rsiVolatile > rsiHighBoundary*1.1
    cancelSignal := 80
if rsiVolatile < rsiHighBoundary*1.1
    cancelSignal := 20


plot(cancelSignal, style=plot.style_stepline)


//buySignal = ta.crossover(rsiVolatile, rsiHighBoundary) //or ta.crossover(rsiMax, rsiMin)
//sellSignal = ta.crossunder(rsiVolatile, rsiLowBoundary) //or ta.crossunder(rsiMax, rsiMin)
//plotshape(buySignal ? close : na, title="Buy", style=shape.triangleup, color=color.new(color.green,40), location=location.belowbar, size = size.small)
//plotshape(sellSignal ? close : na, title="Sell", style=shape.triangledown, color=color.new(color.red,40), location=location.abovebar, size = size.small)