OPEN-SOURCE SCRIPT
RSI5+RSI9+RSI14 EMA [MTF - Multi Time Frame] Zero54
This indicator has a fast RSI (RSI 5). Slower RSI (RSI 9) and a smoothened RSI14 EMA. When both RSI5 and RSI9 are above the RSI14 EMA, then the trend is bullish. When both RSI5 and RSI9 are below the RSI14 EMA, then the trend is bearish. This indicator also shows you the trend in upto 6 time frames! This MTF analysis gives you the conviction to take or skip the trade. Inspired by the concept taught by AsitPati
The numbers you see in the MTF grid is the RS14 EMA for the respective time frame.
Hope you find this useful. Comments and feedback welcome. Like this if you find this useful.
HINDUNILVR
The numbers you see in the MTF grid is the RS14 EMA for the respective time frame.
Hope you find this useful. Comments and feedback welcome. Like this if you find this useful.
HINDUNILVR
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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