Elgrand - Overbought Rsi and StochRsi on multiple timeframes — Indicator by elgrand

relativestrengthindex trendanalysis multi-timeframe overbought-oversold

Script to visualize the overbought and oversold condition on multiple timeframes. Good way to determine when you have a lower risk for enter a trade or to determine when you need to be on the lookout to sell.

Release Notes:

Upgrade by Capissimo:

Code syntax Pinescript version 4
Redundant code removed
Input values did not display correct default values on some timeframes
Render output using plotshape for improved positioning

Release Notes:

Preview script on an empty chart instead of a chart that had trendlines with my orders.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?