OPEN-SOURCE SCRIPT
Multi-Timeframe RSI (editable time frame and RSI value)
This is simple multi time frame RSI in one pane to see how different time frame RSI is moving and what is happening on other time frame.
A use case I like is when on bigger time frame say daily time frame a stock gets oversold and in smaller time frame its going up then what can be the low risk entry found on the smaller time frame.
I combine this with other tool like EMA or sling shot to get validation
A use case I like is when on bigger time frame say daily time frame a stock gets oversold and in smaller time frame its going up then what can be the low risk entry found on the smaller time frame.
I combine this with other tool like EMA or sling shot to get validation
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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