PROTECTED SOURCE SCRIPT
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.
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.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmıştır ve özgürce kullanabilirsiniz. Bir grafikte kullanmak için favorilerinize ekleyebilirsiniz. Kaynak kodunu görüntüleyemez veya değiştiremezsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.