Feel free to use this Multi Time Frame RSI indicator.
You can select up to 4 time frames.
You can plot either each of them or the average of all 4 or the faster 3.
Enjoy. Please leave a like if it is useful to you.
In light of TV awarding me a year subscription I wanted to give back with this simple script that allows multiple views on tickers on a single pane of glass. The background is sourced from Heiken Ashi candles. Free accounts can max out on 3 indicators allowing a view on 4 tickers for one screen.
study("MTF Ticker BITMEX:XBTUSD",...
1D MACD, with slightly slower values for a little less noise.
Instead of the 12, 26, 9, this shows the 13, 34, 9.
Instead of showing a histogram, it uses area and color-codes the area blue and red based on directional movement.
Overlaid is a black histogram line showing the 4H MACD, produced by values of 6, 13, 5.
This is a simple Donchian Channel variation that separates the the channels into quadrants, and enables MTF calculation.
Average open and close plots are included for additional confirmation of a trend.
MACD users will love this indicator as this filters all the false signals produced by MACD.
Use it with your traditional MACD and enter only the best trend trades.
Use your custom timeframes and your personal MACD settings for best results.
The default settings use 12, 26 for slow and fast lines.
The default timeframes used are 1, 5, 15, 30, 60, 120, 240, D, W,...