RSI Multi-Timeframe Dashboard by giua64)

### Summary


This is an advanced dashboard that provides a comprehensive overview of market strength and momentum, based on the Relative Strength Index (RSI) analyzed across 6 different timeframes simultaneously (from 5 minutes to the daily chart).


The purpose of this script is to offer traders an immediate and easy-to-read summary of market conditions, helping to identify the prevailing trend direction, overbought/oversold levels, and potential reversals through divergence detection. All of this is available in a single panel, eliminating the need to switch timeframes on your main chart.


### Key Features


* **Multi-Timeframe Analysis:** Simultaneously monitors the 5m, 15m, 30m, 1H, 4H, and Daily timeframes.

* **Scoring System:** Each timeframe is assigned a score based on multiple RSI conditions (e.g., above/below 50, overbought/oversold status, direction) to quantify bullish or bearish strength.

* **Aggregated Signal:** The dashboard calculates a total percentage score and provides a clear summary signal: **LONG**, **SHORT**, or **WAIT**.

* **Divergence Detection:** Automatically identifies Bullish and Bearish divergences between price and RSI for each timeframe.

* **Non-Repainting Option:** In the settings, you can choose to base calculations on the close of the previous candle (`Use RSI on Closed Candle`). This ensures that past signals (like status and score) do not change, providing more reliable data for analysis.

* **Fully Customizable:** Users can modify the RSI period, overbought/oversold thresholds, divergence detection settings, and the appearance of the table.


### How to Read the Dashboard


The table consists of 6 columns, each providing specific information:


* **% (Total Score):**

* **Header:** Shows the overall strength as a percentage. A positive value indicates bullish momentum, while a negative value indicates bearish momentum. The background color changes based on intensity.

* **Rows:** Displays the numerical score for the individual timeframe.


* **RSI:**

* **Header:** The background color indicates the average of all RSI values. Green if the average is > 50, Red if < 50.

* **Rows:** Shows the real-time RSI value for that timeframe.


* **Signal (Status):**

* **Header:** This is the final operational signal. It turns **🟢 LONG** when bullish strength is high, **🔴 SHORT** when bearish strength is high, and **⚪ WAIT** in neutral conditions.

* **Rows:** Describes the RSI status for that timeframe (e.g., Bullish, Bearish, Overbought, Oversold).


* **Dir (Direction):**

* **Header:** Displays an arrow representing the majority direction across all timeframes.

* **Rows:** Shows the instantaneous direction of the RSI (↗️ for rising, ↘️ for falling).


* **Diverg (Divergence):**

* Indicates if a bullish (`🟢 Bull`) or bearish (`🔴 Bear`) divergence has been detected on that timeframe.


* **TF (Timeframe):**

* Indicates the reference timeframe for that row.


### Advantages and Practical Use


This tool was created to solve a common problem: the need to analyze multiple charts to understand the bigger picture. With this dashboard, you can:


1. **Confirm a Trend:** A predominance of green and a "LONG" signal provides strong confirmation of bullish sentiment.

2. **Identify Weakness:** Red signals on higher timeframes can warn of an impending loss of momentum.

3. **Spot Turning Points:** A divergence on a major timeframe can signal an excellent reversal opportunity.


### Originality and Acknowledgements


This script is an original work, written from scratch by giua64. The idea was to create a comprehensive and visually intuitive tool for RSI analysis.


Any feedback, comments, or suggestions to improve the script are welcome!


**Disclaimer:** This is a technical analysis tool and should not be considered financial advice. Always do your own research and backtest any tool before using it in a live trading environment.

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.


giua64


borsamercati.it – Educational tools by giua64

Anche su:

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.