30-70 RSI Strategy with Colored Bar

This script colors price bars based on Relative Strength Index (RSI) levels, giving traders a quick and visual way to assess overbought or oversold market conditions directly on the chart.

📈 Key Features:
✅ RSI-Based Bar Coloring:

Green bars when RSI is above the upper threshold (default 70) – suggests bullish momentum.

Red bars when RSI is below the lower threshold (default 30) – indicates bearish pressure.

Bars remain uncolored when RSI is between thresholds – a neutral zone.

🔧 Customizable RSI Settings:

Adjustable RSI length (default: 14 periods)

Adjustable overbought/oversold levels (default: 70/30)

🧠 Helps traders:

Quickly spot potential reversals or trend continuations

Visually align price action with momentum

🛠️ Usage:
Ideal for trend-following, reversal, and momentum strategies.

Works across any timeframe (1m, 5m, 1h, daily, etc.).