Multi Timeframe RSI
Dilihat 3289 kali
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 :)
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 :)
study("Multi Timeframe RSI", shorttitle="MTF_RSI")
len = input(14, title="Length", type=integer)
src = input(close, title="Source", type=source)
show5m = input(true, title="show 5m", type=bool)
show15m = input(true, title="show 15m", type=bool)
show30m = input(true, title="show 30m", type=bool)
show1h = input(true, title="show 1h", type=bool)
show2h = input(true, title="show 2h", type=bool)
show4h = input(true, title="show 4h", type=bool)
show1D = input(true, title="show 1D", type=bool)
rsiCurrent = rsi(src,len)
rsi5m = security(ticker,"5",rsi(src,len))
rsi15m = security(ticker,"15",rsi(src,len))
rsi30m = security(ticker,"30",rsi(src,len))
rsi1h = security(ticker,"60",rsi(src,len))
rsi2h = security(ticker,"120",rsi(src,len))
rsi4h = security(ticker,"240",rsi(src,len))
rsi1D = security(ticker,"D",rsi(src,len))
plot(rsiCurrent, color=red, title="RSI current")
plot(show5m ? rsi5m : na, color=interval < 5 and not isdaily and not isweekly and not ismonthly ? #aaaaaa : na, title="RSI 5m")
plot(show15m ? rsi15m : na, color=interval < 15 and not isdaily and not isweekly and not ismonthly ? #999999 : na, title="RSI 15m")
plot(show30m ? rsi30m : na, color=interval < 30 and not isdaily and not isweekly and not ismonthly ? #888888 : na, title="RSI 30m")
plot(show1h ? rsi1h : na, color=interval < 60 and not isdaily and not isweekly and not ismonthly ? #777777 : na, title="RSI 1h")
plot(show2h ? rsi2h : na, color=interval < 120 and not isdaily and not isweekly and not ismonthly ? #666666 : na, title="RSI 2h")
plot(show4h ? rsi4h : na, color=interval < 240 and not isdaily and not isweekly and not ismonthly ? #555555 : na, title="RSI 4h")
plot(show1D ? rsi1D : na, color=not isdaily and not isweekly and not ismonthly ? #444444 : na, title="RSI 1D")
erikmellander
Thank you very much for this! I love it and it fits one of my strategies perfectly. Two thumbs up from a newbie script programmer.
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saido
This is so great! Is there a possibility you can make the stochastic RSI version of this? or at least help me getting started?
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yoshio.kodama.90
Please add 30 & 70 levels !
Balas
20813
yoshio.kodama.90
Balas
yoshio.kodama.90
20813
thx !
Balas
20813
yoshio.kodama.90
no problem, improvement ideas are always welcome :)
+1
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sigmadict
in the same line of ideas can you make muti frame MACD? would be a good laying complement
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20813
sigmadict
gonna try that soon
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20813
sigmadict
+1
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sigmadict
sigmadict
Thnaks mate ! I appreciate your work
+1
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