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RSI5 Multiple Time Frame Overbought Oversold Indicator

3 363

Created by Andrew Palladino.
Modified: 04/01/2017

Checks overbought or oversold conditions across 5 time frames.

If Time frame 1, 2 and 3 are all overbought then bar color changes to red
If Time frame 1, 2 and 3 are all oversold then bar color changes to green
If Time frame 1, 2, 3, 4 and 5 are all overbought then a vertical red line is added to the plot
If Time frame 1, 2, 3, 4 and 5 are all oversold then a vertical green line is added to the plot

The user has the ability to change:
1) Any of the 5 time frames (Set in minutes: m5 = 5, m15 = 15, h1 = 60, h4 = 240, D = 1440...)
2) RSI overbought threshold Level
3) RSI oversold threshold Level
4) RSI Period

The user has the ability to set alerts.

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