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.
Release Notes
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Few minor updates for better signals
Release Notes
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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.
thx
jignesh bhatt