OPEN-SOURCE SCRIPT
Multi-timeframe Stochastic RSI
Updated
The multi-timeframe stochastic RSI utilizes stochastic RSI signals from 11 different time-frames to indicate whether overbought/oversold signals are in agreement or not across time-frames. Ideally traders should enter and exit when conditions are in agreement as indicated by the intensity of the long (green) or short (red) bands at the top and bottom of the indicator. The intensity of the bands indicates how many of the time-frames are currently overbought/oversold.
Release Notes
Updated script so that it auto adjust to the chart time-frame. Release Notes
Script now auto-adjusts the time-frames used in the oversold and overbought regions as well as the time-frames displayed to the timeframe of the chart.Selecting "manual sRSI" allows you to adjust the time-frames displayed, but not the timeframes used for the oversold and overbought regions.
Selecting "I have free TV" adjusts the chart to only use the basic timeframes.
Minor edits to retain original functionality: Select "I have free TV" and "Manual sRSI" for v1 behavior.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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