RSI Confluence Indicator MTF | TCMaster

📌 Description:
The RSI Confluence Indicator MTF is a multi-timeframe momentum analysis tool designed to identify strong overbought and oversold conditions across multiple timeframes using the Relative Strength Index (RSI). This indicator helps traders detect high-probability reversal zones by highlighting when RSI values align across 3 customizable timeframes.

By confirming RSI signals from multiple perspectives, the indicator aims to improve signal reliability and reduce false entries, especially in fast-moving markets.

⚙️ How It Works:
RSI Calculations are applied to three separate user-defined timeframes.
A Buy Signal is triggered when RSI is below the oversold level (default 30) on all selected timeframes.
A Sell Signal is triggered when RSI is above the overbought level (default 70) on all selected timeframes.
When a signal is detected, a colored background appears on the chart (green for buy, red for sell), making it easy to visualize confluence zones.

🔧 Inputs:
RSI Length: Period for RSI calculation (default: 14).
Overbought Level: Upper threshold for RSI (default: 70).
Oversold Level: Lower threshold for RSI (default: 30).
Timeframe 1: First timeframe for RSI (default: 5 minutes).
Timeframe 2: Second timeframe for RSI (default: 15 minutes).
Timeframe 3: Third timeframe for RSI (default: 30 minutes).

📈 Visuals:
Plots RSI values for each timeframe in distinct colors (green, orange, red).
Displays horizontal lines at the overbought and oversold levels for quick reference.
Background color changes based on signal confluence:

🟩 Green: Buy signal (all RSIs below oversold)
🟥 Red: Sell signal (all RSIs above overbought)

🛠️ Usage Tips:
Combine with price action or support/resistance zones to refine entries.
Use shorter timeframes for scalping and intraday strategies.
Use higher timeframes for swing or positional trades.

⚠️ Disclaimer:
This tool is intended for educational and informational purposes only. Trading involves risk, and past performance does not guarantee future results. Always use proper risk management.