Since my previous x4 multi timeframes Stochastic RSI script seems to have been appreciated, I decided to make a 2nd version of this tool which focuses on the RSI indicator only.
Default parameters
RSI length : 14
Timeframes: 5, 15, 60, 240
OB/OS zones : 70 & 30
Repaint mode: enabled
Display lines: enabled
Display screener: enabled
Convergence warnings: timeframes 1, 2 & 3
Details
Repaint mode : Disabling it makes the indicator wait for the current candle to close before to change its value
Display lines: Allows you to disable RSI lines drawings, in order to move the screener on your main chart for example.
Display screener: Allows you to disable the screener, in order to use RSI lines only
OB/OS convergences warnings : Allows you to select which timeframe(s) must be taken into consideration for convergence signals (Selected timeframes can be distinguished in the screener, followed by a * char in the timeframes column)
Awesome update !
May I ask if it's possible to establish a % indication, such as the ''short'' or "long" is valid for x % ! Considering that 100% is the most perfect time to enter the trade ?!
Many Thanks
noop-noop
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@FriedChickenWing, Thank's mate !
I don't know if I'm gonna be able to estimate the perfect time, but I'll do my best :)
Linktind
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When I change the timeframes on the chart and disallow repainting in the settings, values for RSI are changing.
1hour chart
4h chart
Look at the values of RSIs in the table. They are different. There is something wrong with the indicator.
May I ask if it's possible to establish a % indication, such as the ''short'' or "long" is valid for x % ! Considering that 100% is the most perfect time to enter the trade ?!
Many Thanks