OPEN-SOURCE SCRIPT
Pinks MultiRSI
Updated
An indicator that displays whether RSI is oversold, undersold, or neutral, on several timeframes:
15m, 30m, 45m, 1h, 2h, 3h, 4h, 5h, 6h, 12h, 18h, 1D.
If RSI for a specific interval is overbought, the bars for that interval turn red (for "sell"). If it is oversold, it turns green (for "buy"). The RSI length, oversold level, and overbought level are tuneable.
The bottom row of coloumns is 15m RSI, top row is 1D RSI. It is recommended to use log scale on this indicator. The bar height is proportional to the interval it cover.
15m, 30m, 45m, 1h, 2h, 3h, 4h, 5h, 6h, 12h, 18h, 1D.
If RSI for a specific interval is overbought, the bars for that interval turn red (for "sell"). If it is oversold, it turns green (for "buy"). The RSI length, oversold level, and overbought level are tuneable.
The bottom row of coloumns is 15m RSI, top row is 1D RSI. It is recommended to use log scale on this indicator. The bar height is proportional to the interval it cover.
Release Notes
**NEW FEATURES**/b]You can now set multiple levels of overbought and oversold! The columns will be colored according to how oversold or overbought the RSI is. This will help you get a clearer image of the RSI on all timeframes.
Release Notes
Fixed bug where 5h RSI was set to 4h.Release Notes
Changed chart imageOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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