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MTF RSI
Hello traders, I am happy to share with you my latest indicator I have developed. It's called "MTF RSI".
The core idea of the EA is to get the average of RSI value of multiple timeframes, current , 3x and 6x of current time frame, and calculate a more accurate RSI value which will indicate more clear oversold or overbought levels that rsi has reached.
It is believed that when there is a convergence of the same indicator in multiple time frames, it is more likely traders will obtain a valid signal.
Besides the averaged RSI, an EMA of period of 14 is added to this EA. Traders can make use of crossing signals to kick off their trade decisions.
Please provide feedback on how I can improve this indicator and provide better quality signals. Thank you
The core idea of the EA is to get the average of RSI value of multiple timeframes, current , 3x and 6x of current time frame, and calculate a more accurate RSI value which will indicate more clear oversold or overbought levels that rsi has reached.
It is believed that when there is a convergence of the same indicator in multiple time frames, it is more likely traders will obtain a valid signal.
Besides the averaged RSI, an EMA of period of 14 is added to this EA. Traders can make use of crossing signals to kick off their trade decisions.
Please provide feedback on how I can improve this indicator and provide better quality signals. Thank you
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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。