RSI Triple Time Frame

17 thg 1, 2022

This indicator / study script can display the RSI for current chart timeframe along with the RSI of 1 to 3 other timeframes.
When all 3 additional RSI are at extreme levels (overbought/sold) or crossing the neutral line (50%) at the same moment, background chart color will change accordingly.
This indicates a strong momentum convergence between all selected timeframes, hence producing a stronger signal!

Go to settings to display/modify additional timeframes and/or to enable background colors:
Green = Overbought
Red = Oversold
Yellow = crossover neutral
Orange = crossunder neutral

NB1: For a simple and easy read of the RSI, set all additional TF to current chart TF and switch on desired colors.
NB2: Please note that current chart TF is not taken into consideration to change background color. But you can always set one of the 3 additional TF to the same TF as current chart.

Bonus: If you are also a user of my “MA Bollinger Bands + RSI” strategy script, this is particularly useful to visually detect crossover and crossunder of the RSI neutral line 😉

As always, enjoy!

3 thg 3, 2022

Phát hành các Ghi chú

Neutral Line, previsouly hard coded at 50, now has it's own user input.

28 thg 11, 2022

Phát hành các Ghi chú

• [Upadted to Pine V5]
  [Color changes between possible max & min values]
  [Cleaner input settings]
  

28 thg 11, 2022

Phát hành các Ghi chú

• Upadted to Pine V5
  
• Color changes between possible max & min values
  
• Cleaner input settings
  

26 thg 1, 2023

Phát hành các Ghi chú

V5
- Fixed the 3 "Higher Time Frame RSIs" repainting issues.