Dashboard to check multi-timeframe RSI and Stochastic RSI on 4h, 8h, 12h, D and W
Great side tool to assist on the best time to buy and sell and asset. Shows a green arrow on a good buy moment, and a red when to sell, for all timeframes. In case there are confluence on more than one, you have the info that you need. Uses a formula with a weight of 5 for RSI and 2 for Stochastic RSI, resulting on a factor used to set up a color for each of the timeframes.
Legend per each timeframe: - Blue: Excellent buy, RSI and Stoch RSI are low - Green: Great buy, RSI and Stoch RSI with a quite positive entry point - White: Good buy - Yellow: A possible sell, depending on combination of timeframes. Not recommended for a buy - Orange: Good sell, depending on combination of timeframes - Red: If on more than one timeframe, especially higher ones, it is a good time to sell
For reference (But do your own research): - Blue on Weekly: Might represent several weeks of growth. Lower timeframes will cycle from blue to red, while daily and Weekly gradually change - Blue on Daily: Might represent 7-15 days of growth, depending on general resistance and how strongly is the weekly
PS: Check the RSI, Stochastic RSI and other indicators directly as well
Phát hành các Ghi chú
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- Fixed some bugs related to getting info from the different timeframes - Added a weighted (weekly weight is higher) stochastic RSI and RSI with the info from the different timeframes - When there is of trending up on multiple timeframes, shows a green dot below. When all of them are aligned, the dot is blue - Opposite happens when going down, with orange and red dots
Important: To be used on the 4H timeframe.
If used on the on the ones above, you will not have the proper granularity on the info from timeframes below