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OGT RSI MTF Indicator

The OGT RSI MTF Indicator allows you to see when the RSI is overbought/oversold on multiple timeframes simultaneously.

Indicator settings

You have the ability to customise the RSI period as well as the OB/OS levels. What sets this indicator apart is that it you can select the timeframes which the RSI is OB/OS.

How is this displayed on the chart, and how can I make money with this indicator?

One of the most popular applications of the RSI indicator is that it can be used as a reversal signal when an instrument comes out of OB/OS. You can stack the odds in your favour when multiple timeframes are OB/OS at the same time which can have a higher probability of a pullback.

When the selected timeframes are OB, shaded red lines will appear. This indicates that a possible reversal to the downside is coming and you may want to look for a short position or closing an open position.

When the selected timeframes are OS, shaded green lines will appear. This indicates that a possible reversal to the upside is coming and you may want to look for a short position or closing an open position.

There is also a handy visible grid which shows the current RSI values for the selected timeframes.

The RSI MTF indicator combined with regular divergence and/or support & resistance can be a powerful trading strategy.

Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

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