OPEN-SOURCE SCRIPT
RSI Indicator (multi-timeframe)
RSI indicator that lets you show a second timeframe. Blue is the current timeframe, red is the "other" timeframe you select. TradingView allows you to input any timeframe, but it generally works best with a longer timeframe than what your chart is using. (E.g. use the 1-hour timeframe along with a 15-minute chart; or the daily timeframe along with a 1-hour chart; or the weekly timeframe along with a daily chart.) This will help you spot divergences at multiple timeframes.
You can turn off the Multi-Timeframe and just use it as a basic RSI indicator. There's an optional signal line for the current timeframe, and optional overbought/oversold highlights on both timeframes.
You can turn off the Multi-Timeframe and just use it as a basic RSI indicator. There's an optional signal line for the current timeframe, and optional overbought/oversold highlights on both timeframes.
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.
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.
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.