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BacktestTerminal
25 Th04 2022 08:39

RSI MTF Ob+Os 

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Mô tả

Hello Traders,

This indicator use the same concept as my previous indicator "CCI MTF Ob+Os".

It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level.

It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.

There are options to select 1-5 timeframes to detect overbought and oversold.

Aqua Background is "Oversold" , looking for "Long".
Orange Background is "Overbought" , looking for "Short".

Have fun :)
Bình luận
diLiviu
Nice job man!

I see that you calculate them like:

Fsec(Sym, Tf, Exp) =>
request.security(Sym, Tf, Exp[barstate.isrealtime ? 1 : 0], barmerge.gaps_off, barmerge.lookahead_off) [barstate.isrealtime ? 0 : 1]

rsi1 = Fsec(syminfo.tickerid, rsiTf1, ta.rsi(rsiSrc, rsiLength))

So this means the indicator doesnt repaint, isnt it?
Thanks
michaeld3fi
Super! This script need more likes!
michaeld3fi
The concept behind this is simple, but is very powerful IMO.
michaeld3fi
Tks a lot!
Indicator-Jones
Sweet ^‿^
Seems to do a good job 👍
Are you doing a "Stochastic MTF Ob+Os" by any chance?
BacktestTerminal
@Indicator-Jones, Thanks, Interesting idea I will try.
RameshAkula
@thakon33, Yes, Stochastic MTF Ob+Os would be great , thanks again .
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