n.bhaskar1993

MTF Multiple RSI

Multi-Timeframe RSI displays RSI of upto 5 timeframes including the current timeframe. By default, it plots RSI of D, W & M charts with RSI of the current timeframe. Use it to get powerful overbought and oversold signals or you can use it to check if RSI is above or below 50 on all timeframes, or to check support and resistance levels for RSI .
Use your custom timeframes for best results.
Good Luck Traders...
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I love this entire chart, not just your RSI section. What is the top half called and where can I get it.
Sorry, kinda new to scripts. Appreciate the help.
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n.bhaskar1993 crowleykirk
@crowleykirk, hi crowleykirk, if you want the MACD Overlay indicator, go to this link -
MACD Overlay
- and click on add to favorites tab. You will get the indicator in your favorites list. Have fun trading.
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I used The RSI (Daily) for 2H chart but it seems that it repaints. I don't know why MTF repaint always, can you explain that?
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hi zerkamaz, the reason why MTF repaints is because the candle is not closed on daily. MTF is permanent after the close of the higher timeframe candle.
+1 Reply
zerkamaz n.bhaskar1993
@n.bhaskar1993, If it really works well and wait for the daily candle, that would be a nice indicator ever. that's why I prefer to trade with MTF. powerfull signals but it repaints sometimes as you said.
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Add this below the code to get BB/KC Squeeze of the current timeframe with RSI:

length = input(title="Squeeze Length", type=integer, defval=20, minval=0)
mult = input(2, title="Multiplier")
bband(length, mult) => sma(close, length) + mult * stdev(close, length)
keltner(length, mult) => ema(close, length) + mult * ema(tr, length)
diff = bband(length, mult) - keltner(length, mult)
mid_color = diff >= 0 ? white : black
plot(20, color=mid_color, style=circles, linewidth=3)
+1 Reply
can u add for consolidation ( squeeze ) followed by up or down pattern
+1 Reply
n.bhaskar1993 oraclesaab
@oraclesaab, are you refering to bollinger band and keltner channel squeeze?
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oraclesaab n.bhaskar1993
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n.bhaskar1993 oraclesaab
@oraclesaab, I have sent the code , check it out.
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