RSI5 Multiple Time Frame Overbought Oversold Indicator
Created by Andrew Palladino.
Modified: 04/01/2017
Checks overbought or oversold conditions across 5 time frames.
If Time frame 1, 2 and 3 are all overbought then bar color changes to red
If Time frame 1, 2 and 3 are all oversold then bar color changes to green
If Time frame 1, 2, 3, 4 and 5 are all overbought then a vertical red line is added to the plot
If Time frame 1, 2, 3, 4 and 5 are all oversold then a vertical green line is added to the plot
The user has the ability to change:
1) Any of the 5 time frames (Set in minutes: m5 = 5, m15 = 15, h1 = 60, h4 = 240, D = 1440...)
2) RSI overbought threshold Level
3) RSI oversold threshold Level
4) RSI Period
The user has the ability to set alerts.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact LiquidityTracker directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact LiquidityTracker directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.