RSI MTF Panel

The RSI MTF Panel indicator provides a comprehensive multi-timeframe overview of the Relative Strength Index (RSI) within a customizable dashboard. This tool allows traders to monitor RSI values across up to 10 different timeframes simultaneously, enabling better identification of trend alignment and overbought/oversold conditions from a single chart view.

Usage

The Usage section describes how the script can be used to monitor market sentiment across multiple horizons. By viewing RSI values from higher and lower timeframes at once, traders can confirm if a local price move is supported by broader market momentum.

• Trend Confirmation: When multiple timeframes show RSI values in the "Uptrend" or "Overbought" zones, it suggests strong bullish momentum.
• Divergence Spotting: If a lower timeframe is overbought while a higher timeframe remains in a neutral or downtrend zone, it may signal a temporary retracement rather than a full trend reversal.
• Customization: The panel can be oriented vertically or horizontally and placed in any of the nine standard chart positions to avoid overlapping with other drawing tools or indicators.

Details

The indicator utilizes the request.security function to fetch RSI data from the user-defined timeframes. The Relative Strength Index is calculated using a standard methodology, but this script adds a visual layer by color-coding the background of each cell based on specific threshold levels.

The color logic follows a 5-tier system:

1. Overbought: RSI ≥ Overbought Threshold.
2. Uptrend: RSI ≥ Uptrend Threshold.
3. No Trend: RSI between Uptrend and Downtrend thresholds.
4. Downtrend: RSI ≤ Downtrend Threshold.
5. Oversold: RSI ≤ Oversold Threshold.

The script also includes built-in alert conditions that trigger when the RSI on any enabled timeframe crosses these key thresholds.

Settings

Panel Options

• Orientation: Choose between a 'Vertical' or 'Horizontal' layout for the display table.
• Position: Select the anchor point on the chart (e.g., Bottom Right, Top Left).
• Border Width/Color: Adjust the thickness and color of the table borders.
• Show Headers: Toggle the visibility of the "TF" and "RSI" column/row headers.
• Colors (Header/TF): Customize the background and text colors for the headers and timeframe labels.

RSI Colors

• Thresholds: Define the numeric levels for Overbought (default 70), Uptrend (default 60), Downtrend (default 40), and Oversold (default 30).
• Background Colors: Assign specific colors to each of the five trend zones for instant visual recognition.

RSI #1 - #10

• Enabled: Toggle individual timeframe slots on or off.
• Timeframe: Set the specific timeframe for the RSI calculation (e.g., 5m, 1h, D).
• Length: The lookback period for the RSI calculation (default 14).
• Source: The price data used for the calculation (default Close).

FAQ

How do I interpret the colors in the panel?

The colors are determined by your threshold settings. By default, green represents bullish momentum (Uptrend/Overbought), red represents bearish momentum (Downtrend/Oversold), and blue represents a neutral state (No Trend).

Can I track more than 10 timeframes?

Currently, the script supports up to 10 concurrent timeframes. You can disable any slots you do not need to keep the panel compact.

How do I access RSI MTF Panel?

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