PROTECTED SOURCE SCRIPT
Multi Timeframe RSI Heatmap 1.0
This indicator allows for multi timeframe analysis of RSI(14) according to defined extreme levels across 6 timeframes.
The script loads focused on 0, just alter the scale to see all 6 timeframes. Timeframes can be set according to your pre-loaded timeframes, or with any custom timeframe by first loading it as a timeframe option.
High/Low levels set at 50 the indicator gives an overview of RSI levels at 6 timeframes.
High/Low levels set above and below 50 periods of market chop can be identified (as in the chart). This can alow for effective identification of continuation trade entries.
With High/Low levels set at extremes like 75/25 confluences of oversold/overbought levels can be identified as an exit indicator or for counter-trend scalping opportunities.
Script inspired by the multi-RSI by azimuthdynamics here:
The script loads focused on 0, just alter the scale to see all 6 timeframes. Timeframes can be set according to your pre-loaded timeframes, or with any custom timeframe by first loading it as a timeframe option.
High/Low levels set at 50 the indicator gives an overview of RSI levels at 6 timeframes.
High/Low levels set above and below 50 periods of market chop can be identified (as in the chart). This can alow for effective identification of continuation trade entries.
With High/Low levels set at extremes like 75/25 confluences of oversold/overbought levels can be identified as an exit indicator or for counter-trend scalping opportunities.
Script inspired by the multi-RSI by azimuthdynamics here:
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.