The RSI/MACD Momentum Scalper Table is a powerful technical analysis tool that evaluates market momentum across multiple timeframes using the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). It displays a table with different timeframes, allowing traders to quickly assess trend strength and direction.
Why This Indicator is Unique - Multi-Timeframe Analysis: Unlike traditional RSI/MACD indicators that only apply to a single timeframe, this indicator tracks trends across five customizable timeframes. - Dynamic Color-Coding: The table updates in real-time, showing green for bullish momentum, red for bearish, and gray for neutral conditions. - Customizable Moving Averages: Users can choose between EMA, DEMA, and HMA, providing flexibility in trend detection. - Adjustable Positioning: The table can be placed in any corner of the chart using the **position input setting**.
Why This Indicator is Useful - Quick Market Overview: Instantly see whether multiple timeframes align for a strong trend. - Scalping & Swing Trading Support: Helps scalpers and swing traders identify optimal entry and exit points. - Versatility: Can be applied to stocks, forex, crypto, and other financial instruments.
How to Use It 1. Set Timeframes: Choose up to five timeframes to monitor momentum. 2. Customize Trend Settings: Adjust RSI length, MACD settings, and moving average type. 3. Interpret the Table: - Green cells indicate a bullish trend. - Red cells indicate a bearish trend. - Gray cells suggest neutral momentum. 4. Adjust Table Position: Move the table to a preferred location using the Table position input.
This indicator is ideal for traders who need a **quick and efficient** way to track market momentum across different timeframes. 🚀
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. คุณสามารถตั้งเป็นรายการโปรดเพื่อใช้บนชาร์ตได้