ViVen - MTF RSI - Multi Timeframe RSI

17 Jul 2022

Hi Traders,

This is very simple tool which plots 5m, 15m, 1H, 1D, 1W and 1M timeframe RSI lines into chart irrespective of Session you are in.

You can turn ON/OFF if any RSI is not needed, also you can customize the view as well.

Strategy:

Basically,

RSI value above 60 is BULLISH
RSI value below 40 is BEARISH

Combining all timeframes we can identify the possibility of Price movement.

For example,
If Monthly RSI, Weekly RSI and Daily RSI - Above 60 then if 15m or 1Hr RSI takes support at 40 / 60 levels we can look for Buying the Stock.

Happy Trading!!