OPEN-SOURCE SCRIPT

RSI Call-outs Multi-resolution [BigBitsIO]

This is a simple multi-resolution (multi-timeframe) RSI indicator that overlays the current chart to show labels for specified oversold and overbought areas defined with inputs.

Up to 4 different resolutions/timeframes for their respective RSI (1,2,3, or 4). RSI1 is always enabled and can not be disabled.

Red labels with white text represent overbought RSI levels as defined by the user. All enabled RSI will have to qualify as overbought based on settings.
Green labels with black test represent oversold RSI levels as defined by the user. All enabled RSI will have to qualify as oversold based on settings.

This RSI overlay help easily call-out overbought and oversold candles on a chart where other RSI values on larger resolutions/timeframes are also oversold/overbought without sacrificing screen space for a traditional RSI indicator that is not overlayed on the chart.

This indicator has alert conditions that will trigger when all enabled RSI indicators are either oversold or overbought respective to your settings.

Note: The best results are to operate your chart as your smallest RSI resolution selected. Personally, I prefer to have my smallest (shortest timeframe) in RSI1, and go larger farther out to RSI4.
multi-resolutionmultirsimulti-timeframemultresolutionmulttimeframeRelative Strength Index (RSI)rsitimeframes

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


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