Multi Timeframe Stochastic RSI Screener

The Multi Timeframe Stochastic RSI Screener indicator allows users to monitor the Stochastic RSI conditions of up to five different symbols across three unique timeframes simultaneously through a clean dashboard interface.

Usage

The dashboard displays the current Price, RSI, and Stochastic RSI (K and D) values for each selected symbol and timeframe. This tool is useful for identifying overbought or oversold conditions across multiple periodicities without manually switching charts.

• Color Coding: Cells automatically change color based on the proximity to threshold levels. Generally, green indicates oversold conditions, red indicates overbought conditions, and blue indicates neutral zones.
• Multi-Symbol Monitoring: You can enable or disable specific symbols to focus only on the pairs relevant to your trading strategy.
• Convergence Identification: By seeing three timeframes side-by-side, traders can look for "MTF alignment" where a symbol is overbought or oversold on multiple timeframes at once.

Details

The script utilizes the request.security() function to fetch data from different symbols and timeframes. The Stochastic RSI calculation is performed by first calculating the RSI of the price, then applying the Stochastic formula to that RSI output. Finally, the values are smoothed using a Simple Moving Average (SMA) to produce the %K and %D lines. The results are organized into arrays and displayed in a formatted table on the top right of the chart.

Settings

Stochastic RSI

• RSI Length: The lookback period used for the underlying RSI calculation.
• RSI Overbought: The threshold level for the RSI overbought state.
• RSI Oversold: The threshold level for the RSI oversold state.
• K & D Smoothing: The period for the SMA smoothing of the Stochastic %K and %D lines.
• Stochastic Length: The lookback period for the Stochastic calculation.
• Stoch Oversold Level: The threshold for the Stochastic %K and %D oversold state.
• Stoch Overbought Level: The threshold for the Stochastic %K and %D overbought state.

Symbols

• Symbol 1-5: Select the specific tickers you wish to monitor in the screener. Use the checkbox to enable or disable them.

Timeframes

• Timeframe 1-3: Define the three different timeframes (e.g., 15m, 1H, 4H) that will be displayed for every active symbol.

FAQ

How do I access Multi Timeframe Stochastic RSI Screener?

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

Can I change the symbols to assets other than Forex?

Yes, you can input any symbol available on TradingView, including Stocks, Crypto, and Commodities, into the Symbol input fields.

Does this script provide alerts?

Yes, the script includes alert functionality for Stochastic RSI crosses (K crossing D) within the defined overbought or oversold zones for the chart's current symbol.