Sri - Relative Trend Index (RTI) with CTF

🧭 Sri - Relative Trend Index (RTI) with Custom Timeframe (CTF)

Developed by Venkat Raman (Sri)

📘 Overview

The Relative Trend Index (RTI) is a proprietary oscillator designed to measure trend strength, direction, and relative positioning within a smoothed statistical band.
Unlike standard oscillators, RTI adapts dynamically using custom timeframe data (CTF), allowing traders to evaluate multi-timeframe trend momentum and reversals more effectively.

The indicator uses standard deviation envelopes and quantile-based sensitivity to calculate upper and lower dynamic bands, then measures the relative position of the current price within those bands — resulting in a smoothed, normalized trend index scaled from 0 to 100.

⚙️ Key Features

✅ Custom Timeframe Input (CTF):
Analyze RTI on any timeframe (e.g., 60m, 120m, 1D) while viewing on lower or higher charts.

✅ Color-coded RTI Line:

Green when RTI is above the 50 baseline → bullish trend momentum.

Red when RTI is below the 50 baseline → bearish trend momentum.

✅ Adaptive Smoothing:
Smoothing automatically adjusts based on sensitivity.
Higher sensitivity = smoother RTI curve (reduces noise).

✅ Dynamic Quantile Calculation:
RTI uses quantile-based ranking of upper and lower volatility bands, making it adaptive to market volatility and minimizing lag.

✅ Overbought/Oversold & Mid Levels:
Visual reference zones for identifying potential exhaustion or reversal regions:

Overbought: Default 80

Oversold: Default 20

Midline: 50

✅ Smoothed Signal Line:
Provides an additional reference curve for crossover signals and confirmation.

✅ Visual Clarity:

Clean color-coded plots

Overbought/Oversold fill shading

Adaptive smoothing curve overlay

✅ Alert Conditions Included:
Ready-to-use alerts for:

Crossing overbought/oversold levels

Crossing midline (50)

Signal crossovers between RTI and smoothed line

🧩 Inputs Explained
Input Description
Custom Timeframe (CTF) Selects timeframe used for RTI calculation (e.g., 60, 120, D).
Trend Length Period used to calculate trend envelope range.
Sensitivity Adjusts responsiveness (lower = faster, higher = smoother).
Base Smoothing Length Controls EMA smoothing of the signal line.
Overbought / Oversold Thresholds for reversal or momentum exhaustion zones.
🟩 Interpretation

RTI > 50 (Green): Uptrend or bullish bias; stronger if rising toward 80+.

RTI < 50 (Red): Downtrend or bearish bias; stronger if falling toward 20 or below.

Crossing 50: Often indicates a shift in momentum.

Signal crossover (RTI vs. EMA): Potential early entry/exit trigger.

🔔 Built-In Alerts

RTI crossing Overbought / Oversold

RTI crossing 50 baseline

RTI crossing Smoothed Signal Line

🧠 Suggested Uses

Combine with volume, price structure, or volatility-based tools for confirmation.

Use higher-timeframe RTI (via CTF) as a trend filter and lower-timeframe RTI for entry timing.

Ideal for swing traders and intraday analysts seeking adaptive trend strength confirmation.

🎨 Color Scheme
Element Color Meaning
RTI Line 🟢 Green / 🔴 Red Above or below 50 baseline
Smoothed RTI 🔵 Blue (light) Reference EMA of RTI
Background Fill 🩵 Soft Teal Highlights oscillator zone
💡 Note

This is a proprietary adaptation of the Relative Trend Index concept by Sri (Venkat Raman), optimized for flexibility, visual clarity, and dynamic responsiveness across multiple timeframes.