INVITE-ONLY SCRIPT
MTF RDX++ [@TradersVenue]
Updated
This is multi timeframe RSI indicator which displays RSI value of 15/25/75/125/D/W/M timeframes in single window.
One can select or deselect individual RSI"s, choose RSI length of default RSI, length of slow/fast RSI.
Current RSI indicator considers below scenarios to be bullish 1) RSI > iRSILongLvl 2) Smaller TF RSI > Larger TF RSI
Current RSI indicator considers below scenarios to be bearish 1) RSI < iRSILongLvl 2) Smaller TF RSI < Larger TF RSI
Background of the indicator turns green when RSI trades above iRSILongLvl, turns red when RSI trades below iRSISellLvl else orage
If SlowRSI > SlowRSI[1] then it indicates EMA(RSI(14), LEN) is in a upward slope i.e. its bullish
Along with RSI it displayes ADX as well. So one may go through the settings and enable or disable display of DI and ADX lines.
Few UI/UX customizations in chart, like changing line width, transparency, BG Color is provisioned for enhanced viewability
Trend and momentum score is calculated using RSI/ADX/MA/Volume/VWAP and then trend strength. Score >1 bullish. Score<1 bearish
BTST/STBT signals added in the indicator for overnight brokenwing straddles. Details will be explained during webinar.
One can select or deselect individual RSI"s, choose RSI length of default RSI, length of slow/fast RSI.
Current RSI indicator considers below scenarios to be bullish 1) RSI > iRSILongLvl 2) Smaller TF RSI > Larger TF RSI
Current RSI indicator considers below scenarios to be bearish 1) RSI < iRSILongLvl 2) Smaller TF RSI < Larger TF RSI
Background of the indicator turns green when RSI trades above iRSILongLvl, turns red when RSI trades below iRSISellLvl else orage
If SlowRSI > SlowRSI[1] then it indicates EMA(RSI(14), LEN) is in a upward slope i.e. its bullish
Along with RSI it displayes ADX as well. So one may go through the settings and enable or disable display of DI and ADX lines.
Few UI/UX customizations in chart, like changing line width, transparency, BG Color is provisioned for enhanced viewability
Trend and momentum score is calculated using RSI/ADX/MA/Volume/VWAP and then trend strength. Score >1 bullish. Score<1 bearish
BTST/STBT signals added in the indicator for overnight brokenwing straddles. Details will be explained during webinar.
Release Notes
Few minor updates for better signalsRelease Notes
New update gives trend based buy/sell signals which has 70% hit ratio with very minimum SL. 🟢🟢 Green/Blue up arrow indicates buy. SL can be last 3 candle low or SuperTrend(7,1)
🔴🔴 Red/pink down arrow indicates sell. SL can be last 3 candle high or SuperTrend(7,1)
Best fit for intraday and BTST trading using 15/25M TF or directional option selling in 5M TF.
Good results seen in half-day(195M) candles or 1D ones. Used to trade broken wing straddles.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact TradersVenue for more information, or follow the author's instructions below.
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Author's instructions
″To gain access to this indicator you may connect to me using the social connect options provided below the indicator.
Want to use this script on a chart?
Warning: please read before requesting access.
For queries, suggestions, access requests you can reach out to me using below social media handles.
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: youtube.com/channel
EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: youtube.com/channel
Disclaimer
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