RSI Triple Time Frame

This indicator / study script can display the RSI for current chart timeframe along with the RSI of 1 to 3 other timeframes.
When all 3 additional RSI are at extreme levels (overbought/sold) or crossing the neutral line (50%) at the same moment, background chart color will change accordingly.
This indicates a strong momentum convergence between all selected timeframes, hence producing a stronger signal!

Go to settings to display/modify additional timeframes and/or to enable background colors:
Green = Overbought
Red = Oversold
Yellow = crossover neutral
Orange = crossunder neutral

NB1: For a simple and easy read of the RSI, set all additional TF to current chart TF and switch on desired colors.
NB2: Please note that current chart TF is not taken into consideration to change background color. But you can always set one of the 3 additional TF to the same TF as current chart.

Bonus: If you are also a user of my “MA Bollinger Bands + RSI” strategy script, this is particularly useful to visually detect crossover and crossunder of the RSI neutral line 😉

As always, enjoy!

เอกสารเผยแพร่:

Neutral Line, previsouly hard coded at 50, now has it's own user input.

เอกสารเผยแพร่:

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เอกสารเผยแพร่:

• Upadted to Pine V5
  
• Color changes between possible max & min values
  
• Cleaner input settings
  

เอกสารเผยแพร่:

V5
- Fixed the 3 "Higher Time Frame RSIs" repainting issues.