MTF RSI Oscillator

MTF RSI Oscillator
Multi-Timeframe RSI Regime & Momentum Filter

OVERVIEW
MTF RSI Oscillator is a non-repainting, multi-timeframe RSI visualization tool designed to help traders align lower-timeframe momentum with a higher-timeframe market regime.
The default configuration uses:
• Macro timeframe: 1 Week
• Micro timeframe: 8 Hours
This indicator is not a standalone trading system. Its purpose is to provide context, structure, and discipline by visually separating bullish, bearish, and no-trade environments.
It works on all markets and all timeframes.



CORE CONCEPT
Markets alternate between:
• trending phases
• consolidation and indecision phases
Many trading mistakes occur when momentum indicators are used without higher-timeframe context.
This indicator addresses that issue by combining:
• a Weekly RSI to define the dominant regime
• an 8-Hour RSI to observe momentum only when the regime allows it
When the macro RSI is neutral, the micro RSI is intentionally muted, discouraging low-probability trades.



HOW IT WORKS
MACRO RSI (Weekly by default)
• Bullish regime when RSI is above the upper threshold (default 60)
• Bearish regime when RSI is below the lower threshold (default 40)
• No-Trade Zone between those levels
MICRO RSI (8-Hour by default)
• Active only when the macro regime is bullish or bearish
• Ignored during macro no-trade conditions
OSCILLATOR LOGIC
• Zero-centered visualization (not the traditional 50-line)
• Positive values represent allowed bullish momentum
• Negative values represent allowed bearish momentum
• Flat values represent neutral / no-trade environments



STATUS MATRIX
A compact matrix displays the current state of:
• Macro RSI: BULL / BEAR / NEUTRAL
• Micro RSI: BULL / BEAR / NEUTRAL
This allows quick confirmation of market context without relying solely on the oscillator.

WHAT THIS INDICATOR IS
✔ A regime and bias filter
✔ A discipline and context tool
✔ A visual guide for multi-timeframe RSI alignment
✔ An educational reference for market structure awareness


WHAT THIS INDICATOR IS NOT
✖ Not a standalone entry system
✖ Not a buy/sell signal generator
✖ Not a performance-promising strategy
It is designed to be used alongside your own entries, such as price action, structure, or other indicators.

NON-REPAINTING & RELIABILITY
• Secure higher-timeframe data handling
• Confirmation on candle close
• No repainting or forward-looking behavior

RECOMMENDED USAGE
• Use the Weekly RSI to define directional bias
• Use the 8-Hour RSI to evaluate momentum within that bias
• Avoid trading during macro no-trade zones
• Combine with your own risk management rules

FINAL NOTE
This indicator is published as a free contribution to the TradingView community.
Its goal is to encourage patience, structure, and contextual awareness, not over-trading.
Use it as a filter, not a signal.