RSI MTF Dashboard

The RSI MTF Dashboard indicator provides a comprehensive overview of Relative Strength Index (RSI) values across five different timeframes for up to eight user-selected assets. This tool is designed to help traders gauge market momentum and identify potential trend alignments or reversal zones simultaneously across a customizable watchlist.

Usage

The dashboard allows you to monitor multiple tickers to find confluence between timeframes. Common strategies include:

• Trend Following: Looking for high RSI values across all selected timeframes to confirm strong bullish momentum for potential buy entries, or low values for bearish entries.
• Reversal Trading: Identifying extreme RSI levels (overbought or oversold) across multiple timeframes to spot potential exhaustion points in the market.

The cells in the dashboard change color based on the RSI value relative to the user-defined bullish and bearish thresholds. This provides an immediate visual representation of market sentiment across your entire watchlist.

Details

The script utilizes the request.security() function to fetch RSI data from different timeframes and symbols without needing to switch charts. It calculates a standard RSI for each combination and populates a dynamic table on the overlay. The indicator also includes built-in alert logic that triggers when any of the monitored RSI values cross the specified bullish or bearish levels.

Settings

Tickers

• Use Ticker (1-8): Toggle checkboxes to enable or disable specific rows in the dashboard.
• Symbol Input: Select the specific assets (Forex, Stocks, Crypto, etc.) you wish to monitor.

Timeframes

• TF1 - TF5: Define the five timeframes to be displayed as columns in the dashboard (e.g., 15m, 1h, 4h, Daily, Weekly).

RSI

• RSI Period: The lookback period used for the RSI calculation (default is 14).
• RSI Bullish: The threshold above which a cell will highlight with the bullish color.
• RSI Bearish: The threshold below which a cell will highlight with the bearish color.

Style Settings

• Dashboard Location: Choose where the table appears on the chart (e.g., Bottom Left, Top Right).
• Dashboard Size: Adjust the text and cell size (Tiny to Large).
• Cell Colors: Customize the colors for Bullish, Bearish, and Neutral states, as well as the overall transparency.

FAQ

How do I access the RSI MTF Dashboard?

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 indices?

Yes, you can input any symbol available on TradingView into the Ticker settings, including cryptocurrencies, forex pairs, and individual stocks.

Do the alerts work for all timeframes in the dashboard?

Yes, the script includes alert conditions for each enabled ticker and timeframe. You can set up a single alert for the indicator to be notified when any value crosses your defined thresholds.