OPEN-SOURCE SCRIPT
Updated Multi-timeframe Stochastic RSI
The multi-timeframe stochastic RSI utilizes stochastic RSI signals from 11 different time-frames to indicate whether overbought/oversold signals are in agreement or not across time-frames. Ideally traders should enter and exit when conditions are in agreement as indicated by the intensity of the long (green) or short (red) bands at the top and bottom of the indicator. The intensity of the bands indicates how many of the time-frames are currently overbought/oversold.
Release Notes
Updated script so that it auto adjust to the chart time-frame. Release Notes
Script now auto-adjusts the time-frames used in the oversold and overbought regions as well as the time-frames displayed to the timeframe of the chart.Selecting "manual sRSI" allows you to adjust the time-frames displayed, but not the timeframes used for the oversold and overbought regions.
Selecting "I have free TV" adjusts the chart to only use the basic timeframes.
Minor edits to retain original functionality: Select "I have free TV" and "Manual sRSI" for v1 behavior.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.