Download MetaTrader 5
To add comments, please log in or register
The Market has more than 400 indicators. Try any of them!
Automated-Trading
Admin
97635
Automated-Trading 2010.08.25 10:27 

RSI multi-timeframe:

This RSI (Relative Strength Index) indicator can be applied to any timeframe, higher or lower than the current chart's timeframe.

NOTE: If you want to create your own multi-timeframe indicators, this RSI MTF indicator is a good example. It has only one buffer so the code is less cluttered and easier to understand than other multi-timeframe indicators with many buffers.

You can use all the usual parameters of the built-in iRSI indicator, the only extra setting is the second timeframe used as input for the calculations. When the indicator is applied to a timeframe lower than the current chart's time frame it's not possible to display all values. In this case, depending on the price type chosen, it will use a different approach to give the most appropriate value.

RSI multi-timeframe

Author: traderak20

Sergey Golubev
Moderator
54552
Sergey Golubev
Moderator
54552
Sergey Golubev
Moderator
54552
Sergey Golubev
Moderator
54552
Sergey Golubev
Moderator
54552
Sergey Golubev
Moderator
54552
/
To add comments, please log in or register