OPEN-SOURCE SCRIPT
Multi Timeframe RSI
This will show you the RSI of the higher timeframes (up to 1D). Current Timeframe is colored red, higher timeframes are colored from light gray to darker gray (you can change that).
There are several ways to enter a trade:
1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with length 14 its below 30), look for a buy entry (vice versa for a sell setup)
2. look for all RSI timeframes to decline to oversold, this is a good zone to enter a buy (vice versa for a sell setup)
Keep in Mind that a Stochastic Indicator can have it's High/Low befor Price will have it.
Good Luck :)
There are several ways to enter a trade:
1. look for rising RSI on higher timeframe (line is stepping up in indicator window), wait for current RSI to decline to oversold (with length 14 its below 30), look for a buy entry (vice versa for a sell setup)
2. look for all RSI timeframes to decline to oversold, this is a good zone to enter a buy (vice versa for a sell setup)
Keep in Mind that a Stochastic Indicator can have it's High/Low befor Price will have it.
Good Luck :)
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
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