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3TF RSI Average

MTI
By MTI
823

‘Three timeframes RSI Average’ displays in a separate window three Relative Strength Index indicator of the specified timeframes, as well as their average value.

It has ten input parameters:

  • RSI period – RSI calculation period
  • Overbought – overbought level
  • Oversold – oversold level
  • Drawing mode – indicator drawing type
    • Steps – as a ladder
    • Slope – sloping lines
  • First RSI timeframe – the timeframe of the first RSI
  • Second RSI timeframe – the timeframe of the second RSI
  • Third RSI timeframe – the timeframe of the third RSI
  • Show first RSI – show the first RSI indicator
  • Show second RSI – show the second RSI indicator
  • Show third RSI – show the third RSI indicator
Fig.1. Three timeframes RSI Average, H4, H8 and D1 data on the H1 chart, Drawing mode = Steps
Fig. 2. Three timeframes RSI Average, H4, H8 and D1 data on the H1 chart, Drawing mode = Slope


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