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RSI Confluence Indicator MTF | TCMaster
📌 Description:
The RSI Confluence Indicator MTF is a multi-timeframe momentum analysis tool designed to identify strong overbought and oversold conditions across multiple timeframes using the Relative Strength Index (RSI). This indicator helps traders detect high-probability reversal zones by highlighting when RSI values align across 3 customizable timeframes.
By confirming RSI signals from multiple perspectives, the indicator aims to improve signal reliability and reduce false entries, especially in fast-moving markets.
⚙️ How It Works:
RSI Calculations are applied to three separate user-defined timeframes.
A Buy Signal is triggered when RSI is below the oversold level (default 30) on all selected timeframes.
A Sell Signal is triggered when RSI is above the overbought level (default 70) on all selected timeframes.
When a signal is detected, a colored background appears on the chart (green for buy, red for sell), making it easy to visualize confluence zones.
🔧 Inputs:
RSI Length: Period for RSI calculation (default: 14).
Overbought Level: Upper threshold for RSI (default: 70).
Oversold Level: Lower threshold for RSI (default: 30).
Timeframe 1: First timeframe for RSI (default: 5 minutes).
Timeframe 2: Second timeframe for RSI (default: 15 minutes).
Timeframe 3: Third timeframe for RSI (default: 30 minutes).
📈 Visuals:
Plots RSI values for each timeframe in distinct colors (green, orange, red).
Displays horizontal lines at the overbought and oversold levels for quick reference.
Background color changes based on signal confluence:
🟩 Green: Buy signal (all RSIs below oversold)
🟥 Red: Sell signal (all RSIs above overbought)
🛠️ Usage Tips:
Combine with price action or support/resistance zones to refine entries.
Use shorter timeframes for scalping and intraday strategies.
Use higher timeframes for swing or positional trades.
⚠️ Disclaimer:
This tool is intended for educational and informational purposes only. Trading involves risk, and past performance does not guarantee future results. Always use proper risk management.
The RSI Confluence Indicator MTF is a multi-timeframe momentum analysis tool designed to identify strong overbought and oversold conditions across multiple timeframes using the Relative Strength Index (RSI). This indicator helps traders detect high-probability reversal zones by highlighting when RSI values align across 3 customizable timeframes.
By confirming RSI signals from multiple perspectives, the indicator aims to improve signal reliability and reduce false entries, especially in fast-moving markets.
⚙️ How It Works:
RSI Calculations are applied to three separate user-defined timeframes.
A Buy Signal is triggered when RSI is below the oversold level (default 30) on all selected timeframes.
A Sell Signal is triggered when RSI is above the overbought level (default 70) on all selected timeframes.
When a signal is detected, a colored background appears on the chart (green for buy, red for sell), making it easy to visualize confluence zones.
🔧 Inputs:
RSI Length: Period for RSI calculation (default: 14).
Overbought Level: Upper threshold for RSI (default: 70).
Oversold Level: Lower threshold for RSI (default: 30).
Timeframe 1: First timeframe for RSI (default: 5 minutes).
Timeframe 2: Second timeframe for RSI (default: 15 minutes).
Timeframe 3: Third timeframe for RSI (default: 30 minutes).
📈 Visuals:
Plots RSI values for each timeframe in distinct colors (green, orange, red).
Displays horizontal lines at the overbought and oversold levels for quick reference.
Background color changes based on signal confluence:
🟩 Green: Buy signal (all RSIs below oversold)
🟥 Red: Sell signal (all RSIs above overbought)
🛠️ Usage Tips:
Combine with price action or support/resistance zones to refine entries.
Use shorter timeframes for scalping and intraday strategies.
Use higher timeframes for swing or positional trades.
⚠️ Disclaimer:
This tool is intended for educational and informational purposes only. Trading involves risk, and past performance does not guarantee future results. Always use proper risk management.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。