RSI Price Ladder

7 apr

XAUUSD

Overview

RSI Price Ladder is an indicator that visualizes RSI levels mapped directly to price levels across multiple timeframes.
It helps traders see where the RSI will reach certain threshold values (like 30, 50, 70) in terms of price, without calculating manually.

It dynamically draws ladder lines (price levels) based on user-defined RSI targets, allowing clear visualization of RSI movements versus price action.

Purpose for Traders

Forecast Price Zones: Understand at which price levels RSI would hit oversold/overbought zones.

Multi-Timeframe Analysis: Monitor RSI-price relationships across multiple timeframes simultaneously (e.g., M5, M15, H1, H4).

Timing Entries and Exits: Plan precise entries or exits based on expected RSI behavior without switching between charts.

Visual Clarity: Simplifies multi-timeframe RSI tracking by ladder-style price mapping directly on the current chart.

Configuration



RSI length: The period for RSI calculation (default 14).
RSI Target Levels (1–7): Define up to 7 custom RSI levels (e.g., 20, 30, 40, 50, 60, 70, 80).
Spacing Between Ladders: Horizontal spacing between different timeframe ladders on the chart.
Pointer Colors: Customize colors for current RSI, EMA(9) of RSI, and WMA(45) of RSI.
Show TF1–TF4: Toggle visibility of up to four different timeframe ladders.
Interval TF1–TF4: Select timeframes to draw ladders (choices from 1m to 1W including 3D).
Ladder Colors: Customize the ladder color for each timeframe separately.

How to read data

See explaination:


How to use

The primary goal of this indicator is to help traders easily and accurately see price levels corresponding to specific RSI values.

Identifying Multi-Timeframe Support and Resistance



According to RSI behavior:
- In an uptrend, RSI tends to find support around 40, previous RSI bottoms, and the WMA45.
- In a downtrend, RSI tends to face resistance around 60, previous RSI tops, and the WMA45.

Using the RSI Price Ladder, you can accurately pinpoint the exact price levels corresponding to these RSI support and resistance zones.

Defining Entry Zones, Stop Loss, and Take-Profit Areas Based on RSI

For example:



By observing RSI behavior, I noticed a downward trend forming.
On both M15 and H1 timeframes, RSI resistance levels align with the price zone around 3043–3054.
Thus, I can plan a sell trade in this entry zone:
- Stop loss: If RSI breaks above the resistance level, which also corresponds to a price resistance.
- Take-profits at two areas:

• RSI support on M5 at RSI 30, corresponding to price 3007.
  
• RSI support on M15 at RSI 30, corresponding to price 2988.
  

You see, with the ladder, we can directly visualize the price levels corresponding to RSI points on the chart, making decision-making more intuitive.

Result:


The price successfully hit TP1 and TP2.

Visualizing Buying and Selling Strength Across Timeframes



The indicator helps track the correlation of buying and selling strength across different timeframes at the same time. For instance: when selling pressure increases, higher timeframe RSI will typically be higher than lower timeframe RSI. Visualizing this makes it easier to observe and connect price movements across multiple timeframes quickly and clearly.

Visualizing When Combining with Other Methods



In this example:
- RSI shows support around 27.
- Instantly, on the price chart, I notice that the RSI 27 level aligns with the EMA200, a major dynamic price support.
Thus, a long setup can be considered:
- Entry: Near this confluence zone.
- Stop loss: Below the EMA200 or if RSI drops to 20.



Summary

RSI Price Ladder gives traders a powerful visual tool to link RSI behavior to real price levels across multiple timeframes, enhancing strategic entry/exit planning without needing to flip charts.

- Save time spotting RSI targets.
- Stay organized across multiple timeframes.
- Customize the entire ladder experience from colors to intervals.

11 apr

Note di rilascio

- Improve performance by set default other TF Price ladders is False and calling `request.security` once per TF.
- Relocate TF name position in price ladder.
- Add alert when EMA have crossed WMA.