CM_Ultimate RSI Multi Time Frame — Indicator by ChrisMoody

pinescript relativestrengthindex multi-timeframe

Available Options on Inputs Tab!!!

RSI with ability to change first RSI to a different Time Frame.(Defaults To Current Chart Time Frame).

Ability To Turn On/Off Background Highlighting if First RSI is Above/Below 70 or 30 Lines.

Ability To Turn On/Off Background Highlighting When First RSI Crosses Above 30 Or Below 70.

Ability To Turn On/Off "B" Or "S" When First RSI Crosses Above 30 Or Below 70.

Ability To Turn On/Off Mid -Line Plot.

Option To Plot 2nd RSI to show different Time Frames on same chart!!!

Ability To Use Different Look Back Period If You Plot 2nd RSI.

Coming Soon: www.ChrisMoodyTrading.com

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?

//Created By ChrisMoody on 8/15/2014
///RSI with ability to change first RSI to a different Timeframe.
//option to Plot 2nd RSI to show different Timeframes on same chart

study(title="CM_Ultimate RSI MTF", shorttitle="CM_Ult_RSI_MTF", precision=0)
src = close
len = input(14, minval=1, title="Length")
upLine = input(70, minval=50, maxval=90, title="Upper Line Value?")
lowLine = input(30, minval=10, maxval=50, title="Lower Line Value?")
sml = input(true, title="Show Mid Line?")
sbh = input(true, title="Show Back Ground Highlights When RSI is Above/Below High/Low Lines?")
sch = input(true, title="Show Back Ground Highlights When RSI Cross?")
sl = input(true, title="Show 'B' and 'S' Letters When RSI Crosses High/Low Line?")
useCurrentRes = input(true, title="Use Current Chart Resolution?")
resCustom = input(title="Use Different Timeframe? Uncheck Box Above", type=resolution, defval="60")
ssRSI = input(false, title="Show 2nd RSI?")
resCustom2 = input(title="Use 2nd RSI? Check Box Above", type=resolution, defval="D")
useCurrentRes2 = input(false, title="Use 2nd RSI Plot On Samet Timeframe?")
len2 = input(14, minval=1, title="2nd RSI Length")

res = useCurrentRes ? period : resCustom
res2 = useCurrentRes2 ? period : resCustom2

up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
outRSI = security(tickerid, res, rsi)

up2 = rma(max(change(src), 0), len2)
down2 = rma(-min(change(src), 0), len2)
rsi2 = down2 == 0 ? 100 : up2 == 0 ? 0 : 100 - (100 / (1 + up2 / down2))
outRSI2 = security(tickerid, res2, rsi2)

aboveLine = outRSI > upLine ? 1 : 0
belowLine = outRSI < lowLine ? 1 : 0
crossUp = outRSI[1] <  lowLine and outRSI > lowLine ? 1 : 0
crossDn = outRSI[1] >  upLine and outRSI < upLine ? 1 : 0

bgcolor(sbh and aboveLine ? red : na, transp=70)
bgcolor(sbh and belowLine ? green : na, transp=70)
bgcolor(sch and crossUp ? lime : na, transp=40)
bgcolor(sch and crossDn ? red : na, transp=40)

plot(outRSI, title="RSI", style=line, linewidth=3, color=aqua)
plot(ssRSI and outRSI2 ? outRSI2 : na, title="2nd RSI - Different Time Frame?", style=linebr, linewidth=4, color=orange)
p1 = plot(upLine, title= "Upper Line", style=solid, linewidth=3, color=red)
p2 = plot(lowLine, title= "Lower Line", style=solid, linewidth=3, color=lime)
plot(sml and 50 ? 50 : na, title="Mid Line", style=linebr, linewidth=2, color=gray)
plotchar(sl and crossUp ? crossUp : na, title="Buy Signal", char='B', location=location.bottom, color=lime, transp=0, offset=0)
plotchar(sl and crossDn ? crossDn : na, title="Sell Signal", char='S', location=location.top, color=red, transp=0, offset=0)
fill(p1, p2, color=silver, transp=70)

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