MTF RSI Guppy [Moto]

16 jun 2022

Hi traders,
Special thanks to abdomi for posting the original script referenced

I'm not a fan of using moving averages. but I am a big fan of the RSI. The plotted lines of this guppy show where price of the observed asset has to be to close above or below the 50 midline of a standard 14 period RSI across multiple timeframes.

For example, if BTCUSDT closes above the 'D' plot of the guppy, it will be closing above the 50 midline of the RSI on a daily time frame.

Each plot is timeframe dependant and can be changed in the settings. I've included a optional fill color across the plots for directional bias. These plots, like most moving averages give a hint towards moving support and resistance structures. Plotshapes and barcolors have been included to indicate when price crosses over multiple specific plots simultaneously.

Also 'On' by default is a view of 'Overbought' and 'Oversold' areas with independant resolution setting, daily by default.

Current time frames include:
4 hour
12 Hour
Daily
3 Day
Weekly
Monthly
Quarterly

Users can change the asset being referenced, and the resolutions, but labels are currently hard coded. One can also change the label distance from plot and size.






Thanks