Hello Traders,

This indicator use the same concept as my previous indicator "CCI MTF Ob+Os".

It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level.

It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.

There are options to select 1-5 timeframes to detect overbought and oversold.

Aqua Background is "Oversold" , looking for "Long".
Orange Background is "Overbought" , looking for "Short".

Have fun :)

Contact me via Telegram: t.me/backtestterminal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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