Multi Time Frame RSI [Horizonn Wealth]

29. Aug.

Multi-Time Frame Analysis: A key feature is the ability to choose a time frame for each of the four RSI lines from a predefined list (Chart, 1 day, 1 week, 1 month). The script uses the request.security() function with lookahead enabled to ensure the most accurate, real-time data is used for each calculation, eliminating look-ahead bias and calculation errors.

Visual Levels: The indicator plots standard RSI levels at 30, 50, and 70, with a shaded background between the oversold (30) and overbought (70) zones to provide a clear visual reference.

Momentum Alignment Signals: The script includes an optional feature that highlights the chart's background with a red or green color when all four RSIs simultaneously enter an overbought or oversold state. This serves as an immediate visual alert for a strong, multi-time frame momentum condition.

This indicator is a robust tool for technical analysis, suitable for traders who use a top-down approach to their market analysis.

1. Sept.

Versionshinweise

Multi-Time Frame Analysis: A key feature is the ability to choose a time frame for each of the four RSI lines from a predefined list (Chart, 1 day, 1 week, 1 month). The script uses the request.security() function with lookahead enabled to ensure the most accurate, real-time data is used for each calculation, eliminating look-ahead bias and calculation errors.

Visual Levels: The indicator plots standard RSI levels at 30, 50, and 70, with a shaded background between the oversold (30) and overbought (70) zones to provide a clear visual reference.

Momentum Alignment Signals: The script includes an optional feature that highlights the chart's background with a red or green color when all four RSIs simultaneously enter an overbought or oversold state. This serves as an immediate visual alert for a strong, multi-time frame momentum condition.

This indicator is a robust tool for technical analysis, suitable for traders who use a top-down approach to their market analysis.