This indicator use the same concept as my previous indicator "CCI MTF Ob+Os".
It is a simple "Relative Strength Index" ( RSI ) indicator with multi-timeframe (MTF) overbought and oversold level.
It can detect overbought and oversold level up to 5 timeframes, which help traders spot potential reversal point more easily.
There are options to...
This script can display Multi time frame (MTF) Relative Strength Index (RSI) values. It works on any chart and appears at the top left of the screen.
1. It can plot values from 4 different time frames which can be customized.
2. Higher time frame indicates the main trend
3. Overbought and oversold levels are highlighted with different colours.