Multi Timeframe Stochastic RSI ScreenerThis script is also a Stochastic RSI Screener, but it allows users to choose one specific symbol and three timeframes of that symbol to monitor at once.
Stochasticrsi-overbought
MTF Stochastic ScannerThis Stochastic scanner can be use to identify overbought and oversold of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more overbough or more oversold and also signals tops and bottoms in the AVG row
light red/green cell = weak bearish (Stoch = 30-20) / bullish (Stoch = 70-80)
medium red/green cell = bearish (Stoch = 20-10) / bullish (Stoch = 80-90)
dark red/green cell = strong bearish (Stoch <= 10) / bullish (Stoch >= 90)
gray cell = neutral (Stoch = 30-70)
Usage
If AVG (average of all 4 timeframes) falls below 20, the cell will get green, indicating a good time to enter long (buy)
If AVG (average of all 4 timeframes) rises above 80, the cell will get red, indicating a good time to enter short (sell)
Use the "MTF Stochastic Scanner" in combination with the " MTF RSI Scanner "
to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80)
or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20)
Here is how the two MTF scanners looked on Nov 08 2021 (ATH) »
and here how the MTF scanners looked on June 21 2022
use TradingViews Replay function to check how it would have worked in the past and when not.
As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️
Settings
You can change the timeframes, symbols, Stochastic settings, overbought/oversold levels and colors to your liking
Drag the table onto the price chart, if you want to use it as an overlay.
NOTE:
Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃
If you have any idea on how to optimise the code, please feel free to share 🙏
*** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
Multi-Timeframe Stoch RSIGood evening folks!
Today I want to share with you a simple variant of the Stochastic-RSI built-in indicator.
Nothing too complex: by enabling the relative checkbox and setting the desired (k, d or the RSI ) source and timeframes, you can see higher timeframes data plotted on your screen.
Everything you need to do is enabling the indicator on the lowest timeframe (in this case 15 minutes), then you will see in YELLOW the information retrieved from the next higher timeframe (in this case 30 minutes) and in RED the information retrieved from the highest timeframe (in this case 45 minutes).
IT'S IMPORTANT THAT YOU DISPLAY THE INDICATOR ON THE LOWEST TIMEFRAME!
You can play with the overbought and oversold heights in order to have the best configuration you want (in oversold conditions is suggested to buy while in overbought conditions is suggested to sell)
The higher timeframes data are retrieved avoiding repainting since the method used for taking them is the 10th method described in this PineCoders Article , so, if you want to enable alerts, you SHOULD ignore the disclaimer message related to it without any problem.
Good Trading!
