fastmoveforward

RSI MTF for scalp

This is another script for RSI ( Relative Strength Indicator) for Multiple timeframes. It is built for scalping.
Add it to your 15 Min chart - This is important! The other time resolutions are 1H, 2H and 4H.

It is highly flexible, except for the current resolution, the other ones can be changed.
The lookback periods for all timeframes are set to 14 - but can be changed.

3 levels of overbought (70, 80 and 90) and oversold (30, 20 and 10) are defined and highlighted.

Also, when any of the RSI series goes into overbought or oversold, they change colour: teal for oversold and fuchsia for overbought.

Enjoy!

Tip if you find it useful: https://bit.ly/2VJHOQT
May 18
Note di rilascio: I changed the first timeframe to be independent of the resolution on the screen. It now displays the 14-period RSI for 15Min, 1H, 2H and 4H.
It should therefore used on a 15Min chart.
Also, simplified the overbought and oversold areas, kept it simple at 30 and 70 and added a midline to ease the visual interpretation.
May 18
Note di rilascio: No real change in the script, just updated the resolution of the chart to 15 minutes.
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Disclaimer: This is not investment advice. If you like the analyses/signals, donations are welcomed.
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