RSI Multi Length

RSI Multi Length reads momentum the way a committee votes: it computes the Relative Strength Index for every period between a minimum and maximum bound, averages them into one oscillator, and tracks what share of those RSIs sit overbought or oversold on each bar. One noisy fixed-length reading becomes a spectrum-wide consensus.

The averaged line behaves like a familiar RSI with steadier manners (a composite oscillator in the classic sense) while shaded areas carry the breadth story: green plots the percentage of lengths above the overbought level, red the percentage below oversold, drawn inverted so both read intuitively. A dashboard in the pane's top right reports the live figures for the latest bar.

How to Trade the RSI Multi Length?

• Green area swelling: a growing share of lengths overbought signals broad bullish pressure and, at extremes, a stretched market.
• Red area swelling: the oversold mirror, plotted inverted for quick reading.
• Extremes thinning out: when few RSIs remain beyond their thresholds, agreement is fading and a short-term retracement becomes a live scenario.
• Breadth as context: when a large share of lengths is already overbought, reaching overbought is easy. Weigh fresh extremes accordingly rather than treating them all alike.

Set the bounds to match your horizon: a tight low range behaves like a fast RSI, while a wide range folds slower trend information into every reading.

RSI Multi Length Settings

• Maximum Length: upper bound of the RSI periods; raising it blends slower trend behavior into the composite.
• Minimum Length: lower bound; lowering it sharpens short-term sensitivity.
• Overbought: the level a length must exceed to count toward the green breadth area.
• Oversold: the level that counts a length toward the red area.
• Src: source series the RSIs are computed on.

Frequently Asked Questions

What does averaging many lengths actually buy me?

Can I see where this momentum picture is likely heading next?

Is RSI Multi Length included free?