Simple Multi-Timeframe Trends with RSI (Realtime)

The Simple Multi-Timeframe Trends with RSI indicator tool provides a comprehensive dashboard for analyzing market trends across nine timeframes, ranging from one minute to one month. By calculating sophisticated trend scores and combining them into a weighted confluence signal, the script allows traders to identify high-probability trend alignments and potential reversals using integrated RSI divergence detection.

Usage

The Simple Multi-Timeframe Trends with RSI is designed to be a central hub for multi-timeframe analysis. Traders should first select their preferred Trading Style in the settings to automatically configure the moving average periods and timeframe weighting.

• Trend Analysis: Use the "Trend" row to monitor the direction and strength of trends across individual timeframes. Strong alignment (all green or all red) across multiple columns indicates a high-probability market trend.
• RSI & Divergence: Monitor the "RSI" row to identify overbought (>60) or oversold (<40) conditions. Fuchsia-colored text indicates a price-momentum divergence, suggesting a potential trend exhaustion or reversal.
• Confluence Signal: The "Signal" row provides a weighted summary. A "STRONG SIGNAL" indicates that the majority of relevant timeframes are in agreement, while a "NEUTRAL" signal suggests a choppy or range-bound market.

Details

The script calculates a Trend Score for each timeframe based on four primary components:

1. Price Location: Position of price relative to the Moving Average.
2. MA Slope: The acceleration or deceleration of the trend.
3. Price Momentum: Recent rate of change in price action.
4. Volatility Adjustment: Scores are filtered using the Average True Range (ATR) to account for market noise and choppy conditions.

The final Confluence Score is a weighted average where weights are dynamically shifted based on the selected trading style. For example, the "Investment" style gives significantly more weight to Monthly and Weekly data, while "Intraday" prioritizes lower timeframes like the M15 and M5.

Settings

Main Settings

• Trading Style: (Intraday, Swing Trading, Investment) Automatically adjusts internal MA periods, sensitivity, and timeframe weighting.
• Dashboard Position: Moves the visual table to different corners of the chart.
• Show Numerical Scores: Toggles the display of raw trend scores within the table.
• Show MA Values: A debug option to display the calculated moving average values.

FAQ

How do I interpret the symbols in the Trend row? The ⬆⬆ and ⬇⬇ symbols represent "Ultra" trends (strongest), while single arrows ⬆/⬇ represent strong trends, and triangles ▲/▼ indicate the beginning of a trend or a weak trend.

What does the Alignment % mean? This value represents the percentage of the nine monitored timeframes that currently show a clear directional bias. Higher percentages indicate a more unified market structure.

How do I access Simple Multi-Timeframe Trends with RSI? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.