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MTF RSI Scanner

This RSI scanner can be use to identify the relative strength of 10 symbols over multiple timeframes
it will give you a quick overview which pair is more bearish or more bullish and also signals tops and bottoms in the AVG row

  • light red/green cell = weak bearish (RSI = 45-35) / bullish (RSI = 55-65)
  • medium red/green cell = bearish (RSI = 35-25) / bullish (RSI = 65-75)
  • dark red/green cell = strong bearish (RSI <= 25) / bullish (RSI >= 75)
  • gray cell = neutral (RSI= 45-55)


Usage
If AVG (average of all 4 timeframes) falls below 30, the cell will get green, indicating a good time to enter long (buy)
If AVG (average of all 4 timeframes) rises above 70, the cell will get red, indicating a good time to enter short (sell)

Use the "MTF RSI Scanner" in combination with the "MTF Stochastic 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) »
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and here how the MTF scanners looked on June 21 2022
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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, RSI 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 ***
multitimeframersi_overboughtrsioverboughtrsi_oversoldrsioversoldrsistochastic

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