Excuse me sir, Excelent job here, but where are the Divergences? they are ploted? or what? thx!
mortdiggiddy
⋅
@thomasbalem2, Divergences are not shown on this indicator, yet.
tradingaccount7777777
⋅
I always get the "'Pine cannot determine the referencing length of a series. Try using max_bars_back' error" error after running it on a chart for a few minutes
UnknownUnicorn16251912
⋅
Can u please put an alert condition for the OS/OB condition?
ellayp1001a
⋅
hi, firstly what a great useful script muchos respect. although i have ran into difficulties when attempting to convert from pine 3 to pine 4 (i wanted to add a few of my own bits to cut down on used indicator slots)
this is the error i'm coming across "Syntax error: widest() is applicable to mutually nested scopes only" and its in reference to this line of code below
"emaPrev := newSession or isChartIntVal ? nz(ema[1]) : nz(emaPrev[1])"
i've run out of ideas as to what it causing it, would be great to get your input or a possible fix, thanks in advance
francxisz
⋅
the best reason that i use MTF RSI is to see the higher TF RSI on a lower timeframe. On this one it automatically switch the next TF according to my series. Yellow line will always be the current TF then the other lines will be a higher TF. It's more convenient to use and no need to switch the TF on the settings.
pp9426850040
⋅
@francxisz, NAMASTE YE DO LINE HE APNE TOFOUR LINE SOW KARTA HE
mortdiggiddy
⋅
So why would you ever want to use a MTF version of an indicator. Well...
#1
Maybe you would like to monitor the indicator applied to a higher time frame while your chart is in a lower time frame. This helps with understanding buy/sell conditions in multiple time frames (MTF, duh).
#2
Sometimes an oscillator will "dip in" to OB or OS but it never actually closed OB or OS in the higher time frame. Example on NQ 5m but using a 15m RSI:
The two circled areas managed to dip into oversold, but both instances did not end on an even 15 minute interval for a 5 minute chart interval (8:55, 9:10, 9:25, 9:40... etc).
In real time what you would have seen on the 15 minute chart is the RSI oscillator dipping into the oversold area but never actually closing beneath it. This can be good or bad: the good being that you actually get oversold signals on a chart time frame lower than the indicator time frame, the bad being that those oversold signals on a lower chart time frame are false positives.
mortdiggiddy
⋅
@mortdiggiddy, I should have clarified the last sentence, the bad being that those oversold signals on a lower chart time frame * MAY BE * false positives.