That is the “RSI Verify Pattern with W&R”
It is a modification of the “RSI Traits” indicator by zzzcrypto123.
Aside from the RSI thresholds, this indicator additionally makes use of the Williams %R thresholds to substantiate the pattern.

The RSI and Williams %R thresholds are configurable together with the colours.

• When the RSI exceeded the higher/decrease thresholds, the RSI colour will change to lighter colour.
• When the RSI additionally exceeded the Williams %R higher/decrease thresholds, the RSI colour will change to darker colour signifying a powerful momentum in that route.
• When the RSI colour is grey, then there isn’t any pattern.

The RSI colours altering from grey to darker colours can be utilized as a purchase/promote sign (together with different technical indicators).

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