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barnabygraham

B's Average RSI (5m-1D)

barnabygraham  
Relative Strength Index (RSI)
26
0
relativestrengthindex
Multiple time frame RSIs plotted onto a single indicator.

Time frames used are:
5m (black)
15m (green)
60m (red)
240m (yellow)
Daily (white)
An average of all of the RSIs (pink)


RSI's are averaged into a single line. Also functions as multiple RSI's.

The pink average line should be used like any other RSI:
Above or below 50 signifies strength and weakness, respectively.
Above 80 and below 20 signal overbought and oversold conditions, respectively.
www.technimentals.net/
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.

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.

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