pranjalchaubey

[CP]3 RSI Multi Timeframe Inception

Triple RSI indicator where you can set the timeframe for each RSI .
Take confirmation from different timeframes to make high probability trades!

Typical settings would be,
1 Day, 1 Week, 1 Month or
1 hr , 4hr, 1 Day or
3 min, 15 min, 1 hr or.........your imagination is the only limit here!
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Comments

hi , can you code multi level RSI indicator which enable us to plot horizontal line for different level , say 30, 40, 50 60, 70 etc
+1 Reply
Over time using this indicator I have realized that it is phenomenally good at catching market tops and bottoms, but not so good at catching the trends.
So I recommend using it for catching tops and bottoms, instead of using it to ride the trend.
Reply
murfichan pranjalchaubey
@pranjalchaubey, thank you so much sir, I actually try to do this by adding 3 RSI indicators and yes I also have same thinking that this indicator is really good to read bottom and top position but for to follow trend have to combine it by Moving average lines. Ah actually we also can see the trend if we know how to adjust the value of the RSI value.
+1 Reply
Yes, you can use RSI range shift to catch the trend. However, I find it very discretionary and subjective in nature.
Moving Averages would be the right approach with this indicator.
Reply
murfichan pranjalchaubey
@pranjalchaubey, can I ask for help for one of my simple script sir?
Reply
Sir, Plz tell me how can i change time frames..Thanks a lot for the coding
Reply
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