This script shows multiple time frames of where the RSI crosses over or under a certain value.
If the rsi crosses under a high value, it's more likely to indicate a decrease in price. Conversely, if rsi crosses up from a low value, price is more likely to increase.
Current values:
1 minute
5 minute
15 minute
30 minute
1 hour
4 hour
6 hour
Daily
2 day
3 day
(HTF user input)
The plotshapes print the time frame (abbreviated). i.e "6" would be respective of the 6 hour time frame.
Users can change the period, upper, and lower thresholds for the signals to occur.
There is also a value input for the highest time frame level crossunder ("HTF")
Thanks.
If the rsi crosses under a high value, it's more likely to indicate a decrease in price. Conversely, if rsi crosses up from a low value, price is more likely to increase.
Current values:
1 minute
5 minute
15 minute
30 minute
1 hour
4 hour
6 hour
Daily
2 day
3 day
(HTF user input)
The plotshapes print the time frame (abbreviated). i.e "6" would be respective of the 6 hour time frame.
Users can change the period, upper, and lower thresholds for the signals to occur.
There is also a value input for the highest time frame level crossunder ("HTF")
Thanks.