Multi Time Frame RSI Panel

The Multi Time Frame RSI Panel indicator allows traders to monitor the Relative Strength Index (RSI) across ten different timeframes simultaneously from a single chart. This tool provides a consolidated view of momentum dynamics, helping users identify overbought or oversold conditions across multiple intervals to confirm market trends or potential reversals.

Usage

The Multi Time Frame RSI Panel is primarily used to gauge confluence between various timeframes. For example, a trader might look for a scenario where both the 15m and 1h RSI values are in oversold territory to find high-probability entry points.

The indicator features a visual table located at the top right of the chart. Each enabled timeframe displays its current RSI value:

• Overbought: If the RSI value exceeds its specific upper threshold, the cell is highlighted in green.
• Oversold: If the RSI value falls below its specific lower threshold, the cell is highlighted in red.
• Neutral: If the RSI value is within the thresholds, the cell remains neutral.

Traders can utilize the built-in alerts to receive notifications when any specific timeframe crosses its defined threshold, ensuring they do not miss critical momentum shifts.

Details

The script utilizes the request.security() function to fetch RSI data from different timeframes (1m to 1M). The core RSI calculation is based on a standard user-defined period (defaulting to 14). By aggregating this data into a table object, the indicator provides a clean UI that doesn't clutter the main price action area while still delivering comprehensive momentum data.

Settings

Time Frame Settings

• Show [Timeframe]: Toggles the visibility of specific timeframes (1m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M) within the dashboard.

RSI Settings

• RSI Period: Determines the number of bars used to calculate the Relative Strength Index for all timeframes.

RSI Threshold Settings

• Upper Threshold [Timeframe]: Sets the overbought level for the specific timeframe.
• Lower Threshold [Timeframe]: Sets the oversold level for the specific timeframe.

FAQ

How do I use the Multi Time Frame RSI Panel?

Simply add the indicator to your chart and use the settings menu to enable the timeframes relevant to your strategy. Monitor the panel for color changes that indicate extreme RSI levels.

Can I set different overbought levels for different timeframes?

Yes, the indicator provides individual threshold inputs for every timeframe, allowing you to customize sensitivity based on the volatility of different intervals.

How do I access Multi Time Frame RSI Panel?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.