OPEN-SOURCE SCRIPT

Multi Timeframe RSI

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This will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that).

There are several ways to enter a trade:

1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with length 14 its below 30), look for a buy entry (vice versa for a sell setup)
2. look for all RSI timeframes to decline to oversold, this is a good zone to enter a buy (vice versa for a sell setup)

Keep in Mind that a Stochastic Indicator can have it's High/Low befor Price will have it.

Good Luck :)

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.