This is a follow on to my Multi-Timeframe RSI indicator. In that indicator, you could keep an eye on RSI values above your current time frame. This one allows you to look at RSI levels below your current timeframe. The idea behind this one is you may want to "buy the dip," so you can look for oversold conditions on lower time frames expecting a bounce to occur.
There is one issue with this indicator is that it takes awhile to load. Seems to be pretty resource intensive, so I tend not do use it. It will get annoying if toggling fast between tickers due to the speed in which it loads.
Thank you sir ! i`ve searched so much for something like this. Is there an easy way to simplify it for example : when the D ,4h,1h,15m RSI are all oversold/overbought --> plot an arrow on the chart when all conditions are met. I`m asking because i can`t code and i`ve tried to use chatgpt to create something like this but it kinda sucks .
millerrh
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@NotMnk, This does this already...when the background turns green, all timeframes are oversold. When it turns red, they are all overbought.