RSI Multi-Timeframe Dashboard

The RSI Multi-Timeframe Dashboard indicator provides a comprehensive overview of market momentum and strength by analyzing the Relative Strength Index (RSI) across six different timeframes simultaneously. This tool helps traders identify trend direction, overbought/oversold conditions, and potential reversals through automated divergence detection, all within a single on-screen panel.

Usage

The dashboard is designed to eliminate the need for manual timeframe switching. It displays a table with six columns containing real-time data for the 5m, 15m, 30m, 1h, 4h, and Daily intervals.

• Total Score (%): Quantifies bullish or bearish strength based on an internal scoring system. A positive percentage indicates bullish momentum, while a negative percentage indicates bearish momentum.
• Aggregated Signal: The "Signal" header provides a summary action: LONG (high bullish strength), SHORT (high bearish strength), or WAIT (neutral conditions).
• Divergence Detection: The "Diverg" column automatically flags bullish or bearish divergences between price and RSI for each specific timeframe.
• Directional Indicators: The "Dir" column shows whether the RSI is currently rising (↗️) or falling (↘️), with an aggregated arrow in the header showing the majority sentiment.

Details

The indicator calculates a score for each timeframe by evaluating multiple RSI conditions, including its position relative to the 50 level, overbought/oversold status, and current direction. To ensure data reliability, users can enable the "Use RSI on Closed Candle" mode, which prevents the status and scores from repainting by basing calculations on completed bars. The RSI value itself remains live for real-time monitoring.

Settings

RSI Settings

• RSI Period: Sets the number of bars used for the RSI calculation (default is 14).
• Oversold Threshold: Defines the level below which the asset is considered oversold.
• Overbought Threshold: Defines the level above which the asset is considered overbought.

Divergence Settings

• Divergence Lookup Bars: The number of bars to look back for identifying price and RSI peaks/troughs.
• Minimum RSI Difference: The minimum change required in RSI values to confirm a divergence.

Calculation & Visuals

• Use RSI on Closed Candle: Toggles between non-repainting (closed bars) and live (current bar) calculations.
• Table Position: Adjusts where the dashboard is anchored on the chart.
• Table Size: Scales the dashboard UI from Small to Extra Large.
• Thresholds: Customizable percentage levels for "Strong" and "Weak" signals that affect table coloring.

FAQ

How do I interpret a "WAIT" signal?

A "WAIT" signal occurs when the aggregated score across all timeframes does not meet the minimum bullish or bearish thresholds, indicating a lack of clear trend or conflicting momentum.

Can I change the timeframes used in the dashboard?

The current version is hardcoded to monitor the 5m, 15m, 30m, 1H, 4H, and Daily timeframes to provide a standardized view of market structure.

How can I access this tool?

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