Multi-TF Mean Reversion + VIX (Less Noisy Crossovers)

6 hari lalu

This script provides a comprehensive multi-timeframe momentum and volatility overview. It checks RSI and SMA across 15m, 30m, 1h, 2h, Daily, and Weekly timeframes, weighting each slope to emphasize bigger-picture trends while still accounting for short-term fluctuations.

Direction & Strength

The script determines whether price is Long or Short by requiring each timeframe to be above its SMA, have RSI > 50, and show positive slope.
A separate “Strength” metric reflects how far each timeframe’s RSI is from neutral (50), scaled to 0–100.
VIX Integration

The script fetches the VIX value (CBOE:VIX) to gauge market volatility, displaying it alongside Direction and Strength in a small on-chart table.
Intraday vs. Daily Crossover Signals

A “composite” slope of the shorter timeframes (15m–2h) is compared to the Daily slope. When the intraday slope crosses above the Daily, a label signals potential early reversal—great for spotting momentum shifts before the Daily timeframe turns fully bullish.
Adjustable parameters include RSI length, SMA length, the slope lookback (for smoothing), and a slope threshold to filter out minor fluctuations. This lets you fine-tune the script’s sensitivity to your trading style.