OPEN-SOURCE SCRIPT
Updated RSI Triple Time Frame
This indicator / study script can display the RSI for current chart timeframe along with the RSI of 1 to 3 other timeframes.
When all 3 additional RSI are at extreme levels (overbought/sold) or crossing the neutral line (50%) at the same moment, background chart color will change accordingly.
This indicates a strong momentum convergence between all selected timeframes, hence producing a stronger signal!
Go to settings to display/modify additional timeframes and/or to enable background colors:
Green = Overbought
Red = Oversold
Yellow = crossover neutral
Orange = crossunder neutral
NB1: For a simple and easy read of the RSI, set all additional TF to current chart TF and switch on desired colors.
NB2: Please note that current chart TF is not taken into consideration to change background color. But you can always set one of the 3 additional TF to the same TF as current chart.
Bonus: If you are also a user of my “MA Bollinger Bands + RSI” strategy script, this is particularly useful to visually detect crossover and crossunder of the RSI neutral line 😉
As always, enjoy!
When all 3 additional RSI are at extreme levels (overbought/sold) or crossing the neutral line (50%) at the same moment, background chart color will change accordingly.
This indicates a strong momentum convergence between all selected timeframes, hence producing a stronger signal!
Go to settings to display/modify additional timeframes and/or to enable background colors:
Green = Overbought
Red = Oversold
Yellow = crossover neutral
Orange = crossunder neutral
NB1: For a simple and easy read of the RSI, set all additional TF to current chart TF and switch on desired colors.
NB2: Please note that current chart TF is not taken into consideration to change background color. But you can always set one of the 3 additional TF to the same TF as current chart.
Bonus: If you are also a user of my “MA Bollinger Bands + RSI” strategy script, this is particularly useful to visually detect crossover and crossunder of the RSI neutral line 😉
As always, enjoy!
Release Notes
Neutral Line, previsouly hard coded at 50, now has it's own user input.Release Notes
- [Upadted to Pine V5]
[Color changes between possible max & min values]
[Cleaner input settings]
Release Notes
- Upadted to Pine V5
- Color changes between possible max & min values
- Cleaner input settings
Release Notes
V5- Fixed the 3 "Higher Time Frame RSIs" repainting issues.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.