ChrisMoody

CM_Ultimate RSI Multi Time Frame

Available Options on Inputs Tab!!!

RSI with ability to change first RSI to a different Time Frame.(Defaults To Current Chart Time Frame).

Ability To Turn On/Off Background Highlighting if First RSI is Above/Below 70 or 30 Lines.

Ability To Turn On/Off Background Highlighting When First RSI Crosses Above 30 Or Below 70.

Ability To Turn On/Off "B" Or "S" When First RSI Crosses Above 30 Or Below 70.

Ability To Turn On/Off Mid -Line Plot.

Option To Plot 2nd RSI to show different Time Frames on same chart!!!

Ability To Use Different Look Back Period If You Plot 2nd RSI .
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//Created By ChrisMoody on 8/15/2014
///RSI with ability to change first RSI to a different Timeframe.
//option to Plot 2nd RSI to show different Timeframes on same chart

study(title="CM_Ultimate RSI MTF", shorttitle="CM_Ult_RSI_MTF", precision=0)
src = close
len = input(14, minval=1, title="Length")
upLine = input(70, minval=50, maxval=90, title="Upper Line Value?")
lowLine = input(30, minval=10, maxval=50, title="Lower Line Value?")
sml = input(true, title="Show Mid Line?")
sbh = input(true, title="Show Back Ground Highlights When RSI is Above/Below High/Low Lines?")
sch = input(true, title="Show Back Ground Highlights When RSI Cross?")
sl = input(true, title="Show 'B' and 'S' Letters When RSI Crosses High/Low Line?")
useCurrentRes = input(true, title="Use Current Chart Resolution?")
resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="60")
ssRSI = input(false, title="Show 2nd RSI?")
resCustom2 = input(title="Use 2nd RSI? Check Box Above", type=resolution, defval="D")
useCurrentRes2 = input(false, title="Use 2nd RSI Plot On Samet Timeframe?")
len2 = input(14, minval=1, title="2nd RSI Length")

res = useCurrentRes ? period : resCustom
res2 = useCurrentRes2 ? period : resCustom2

up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
outRSI = security(tickerid, res, rsi)

up2 = rma(max(change(src), 0), len2)
down2 = rma(-min(change(src), 0), len2)
rsi2 = down2 == 0 ? 100 : up2 == 0 ? 0 : 100 - (100 / (1 + up2 / down2))
outRSI2 = security(tickerid, res2, rsi2)

aboveLine = outRSI > upLine ? 1 : 0
belowLine = outRSI < lowLine ? 1 : 0
crossUp = outRSI[1] <  lowLine and outRSI > lowLine ? 1 : 0
crossDn = outRSI[1] >  upLine and outRSI < upLine ? 1 : 0

bgcolor(sbh and aboveLine ? red : na, transp=70)
bgcolor(sbh and belowLine ? green : na, transp=70)
bgcolor(sch and crossUp ? lime : na, transp=40)
bgcolor(sch and crossDn ? red : na, transp=40)

plot(outRSI, title="RSI", style=line, linewidth=3, color=aqua)
plot(ssRSI and outRSI2 ? outRSI2 : na, title="2nd RSI - Different Time Frame?", style=linebr, linewidth=4, color=orange)
p1 = plot(upLine, title= "Upper Line", style=solid, linewidth=3, color=red)
p2 = plot(lowLine, title= "Lower Line", style=solid, linewidth=3, color=lime)
plot(sml and 50 ? 50 : na, title="Mid Line", style=linebr, linewidth=2, color=gray)
plotchar(sl and crossUp ? crossUp : na, title="Buy Signal", char='B', location=location.bottom, color=lime, transp=0, offset=0)
plotchar(sl and crossDn ? crossDn : na, title="Sell Signal", char='S', location=location.top, color=red, transp=0, offset=0)
fill(p1, p2, color=silver, transp=70)
This is also a GEM. thank you very much
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Great
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@ChrisMoody would one turn this into a strategy for Strategy Tester?
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Having difficulty figuring out how to set alerts with this indicator, is there a resource available on this? Thanks for the great indicator.
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dpanday venneapril
@venneapril, Did you managed to get the alerts working?
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Great Indicator with RSI
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thanks for sharing , but i got a problem i can't choose the time frame H4 from the selectbox ? any idea
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ChrisMoody mouhssine.aregu
Those are the default TradingView dropdown timeframes. The 4 Hour would have to be coded in. In my opinion the 4H should be one of TradingView's set Time Frame resolutions vs. the 3 hour etc. I would email support on this one.
+2 Reply
ChrisMoody mouhssine.aregu
The code gets exponentially longer if I have to code specific resolutions...I've done so on other indicators...but not this one.
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Hey Chris, I just wanted to give you a huge thank you for this. I'm a college student, and using my own settings for this indicator with two RSI time frames has made me A LOT of money. I'm on my way to becoming a day trader and it's all because of you're excellent coding.
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