Mtf Rsi Fusion Basic
- Indicators
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Hadi Pourkerman
Market Atlas Labs
@MarketAtlasLabs
Welcome to Market Atlas Labs. We develop High-performance MT5 tools for Gold & All Indices.
High-performance MT5 Trading Frameworks. Specializing in Multi-Timeframe (MTF) Context & Adaptive Momentum for Gold (XAUUSD) and US100. 🏛️ - Version: 1.0
MTF RSI Fusion Basic is a MetaTrader 5 oscillator that combines a base Relative Strength Index (RSI) with up to two optional RSI overlays. Each source has a configurable timeframe, period and applied price. The overlays have separate weights and combination modes.
The indicator displays a Fusion RSI line, adaptive overbought and oversold zones based on Average True Range (ATR), and optional fast and slow moving averages. The moving averages can be shown on the Fusion RSI in the indicator window and on price in the main chart. It does not include divergence detection, buy/sell signals, trend-bias coloring or a Volume Weighted Average Price (VWAP) oscillator.
RSI1 Period, RSI2 Period and RSI3 Period default to 7, 14 and 28. All three sources initially use the current chart timeframe. Enable RSI2 and Enable RSI3 control the overlays. RSI2 Weight and RSI3 Weight control their contribution. Combine modes are ADD, SUB, AVG, ADDSUB and SUBADD; Clamp output to 0..100 limits the final oscillator range.
Enable Dynamic OB/OS, OB/OS Timeframe, ATR Length, ATR SMA Length, Base OB Level, Base OS Level and Width Min/Max control the zones. MA Fast Period and MA Slow Period default to 20 and 200. MA Method selects simple, exponential, smoothed or linear-weighted averaging. Visibility controls select the indicator window and main-chart displays. Max lookback bars and Max bars back for drawing chart MAs limit processing and drawings.
Attach the indicator to a MetaTrader 5 chart, select source timeframes and load sufficient history for the selected periods. Values using an unfinished source candle can change until that candle closes. The indicator does not execute trades or guarantee results. Check its behavior in visual testing and on a demo account. Support is available through product comments or MQL5 messaging.
For a first setup, keep the default periods and weights, then change only one source timeframe at a time. A Fusion RSI value above the upper zone is an overbought reading; below the lower zone is an oversold reading. These conditions can persist during a trend. Crossings of the fast and slow averages describe changes in the oscillator or price relationship, not automatic entry or exit instructions. Compare the readings with price structure and define invalidation and risk limits independently.
