Multi timeframes RSI Screener & indicator

The Multi timeframes RSI Screener & indicator tool provides a comprehensive view of the Relative Strength Index across four different timeframes simultaneously, allowing traders to identify momentum alignment and exhaustion points efficiently.

Usage

The indicator can be used to monitor the RSI state of multiple timeframes without switching charts. Users can visualize the RSI lines directly on the oscillator pane or use the on-screen table for a cleaner interface.

A key feature is the Convergence Warning. By selecting specific timeframes to be included in the convergence logic, the indicator will highlight when all selected periods are simultaneously in Overbought (OB) or Oversold (OS) territory. These events are marked by shapes on the chart and can trigger alerts, signaling high-probability reversal or trend extension zones.

Details

This tool implements a multi-timeframe approach using the request.security function. It includes an optional "Repaint" mode:

• Enabled (Live values): The RSI values update in real-time as the current candle on the higher timeframe develops.
• Disabled (Closed values): The indicator only updates once the candle on the higher timeframe has closed, preventing historical value changes but introducing a slight lag.

The screener table provides a real-time summary of the RSI value, the current direction (Movement), and the status (Overbought/Oversold/OK) for each configured period.

Settings

Options

• Allow repaint?: Determines if the indicator uses live candle data or waits for the timeframe to close.
• Show Screener: Toggles the visibility of the on-screen information table.
• Show RSI lines?: Toggles the drawing of RSI lines in the indicator pane.
• Timeframe 1-4: Sets the specific timeframes to be tracked.
• Include Timeframe # in convergence signals: Selects which of the four timeframes must align to trigger an Overbought/Oversold warning.

RSI

• RSI Length: The lookback period for the RSI calculation (default is 14).
• RSI Overbought Level: The threshold for the upper exhaustion zone (default is 70).
• RSI Oversold Level: The threshold for the lower exhaustion zone (default is 30).

FAQ

How do I access Multi timeframes RSI Screener & indicator?

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

What do the asterisks (*) in the table mean?

The asterisk next to a timeframe in the "TimeFrame" column indicates that this specific period is included in the convergence signal calculation.

Can I use this for alerts?

Yes, the indicator includes built-in alert conditions for RSI OB and OS convergences, which trigger when the selected timeframes align in extreme zones.

" ,title: