Adapted RSI w/ Multi-Asset Regime Detection v1.1

gestern

This adapted RSI (Relative Strength Index) indicator combines multi-timeframe analysis with multi-asset monitoring, offering traders a comprehensive view of market conditions across different assets and time horizons.
The Adapted RSI w/ Multi-Asset Regime Detection sets itself apart from the traditional RSI by presenting crucial data you would not otherwise have. This data is then inputted into a table format to allow you to easily identify the RSI strength across multiple higher timeframes for your desired asset.
Regime detection clearly determines whether the asset momentum is supporting bullish or bearish regimes, whilst the signal generation will help you determine whether your desired asset is overbought, oversold or trading neutral strength (typically associated with consolidating markets)

Ever filtered through dozens of tickers and timeframes with the original RSI, making a pointless mental note? This solves that issue.


Key Differences to traditional to the traditional RSI:

• Multi-Timeframe Analysis: Monitors Daily, Weekly, and Monthly RSI values simultaneously
  
• Multi-Asset Tracking: Compare RSI readings across 4 different assets (this can be increased if requested)
  
• Regime Detection: Automatically identifies market regimes (Bullish/Bearish)
  
• Smart Signal Generation: Provides trading signals based on RSI strength (Buy, Neutral or Sell)
  
• Dynamic Colour Coding: Visual colour indicators for different market conditions
  
• Dual Table Display: Separate tables for timeframe analysis and comparison between tickers
  

Indicator Settings

• RSI Settings: Overbought and Oversold levels can be adjusted if required
  
• Multi-Asset Selection: Choose any 4 assets to monitor
  
• Visual Settings: Customise colours, line styles, and table positions
  
• Table Display: Flexible positioning and formatting options
  

Regime Detection:

• Strong Buy: RSI below 15
  
• Buy: RSI below 30
  
• Neutral: RSI between 30-70
  
• Sell: RSI above 70
  
• Strong Sell: RSI above 85
  

Perfect for traders who want to:

1. Monitor multiple assets simultaneously
   
2. Analyse asset strength and momentum across different timeframes
   
3. Identify potential trend changes and market regimes
   
4. Get clear trading signals based on RSI levels
   
5. Compare market strength across different assets
   

The indicator helps identify potential entry and exit points while providing a broader market context through its multi-timeframe and multi-crypto RSI analysis.

Coming soon...
RSI Divergence plotting


Pienscript by,
iGREY.Trading