I know sometimes you'll need multiple timeframe RSI to study your chart, so do I, therefore I'll share my multi RSI tool for you.
There are total 3 RSI for you to use, you can turn each ON or OFF
I've added more colored value lines for your better view
Also provided a choice for smooth line or step line where there's no gap for higher timeframe RSI on a smaller timeframe chart
MA (SMA) is provided for smoother, less noise lines
Indicator Tips: Bullish - When it is above 50, this is where you might want to decide whether to close your short order or new short order at top Bearish - When it is below 50, this is where you might want to decide whether to close your long order or new long order at low
hello sir. if I want to use an ema instead of sma for the slow period moving average how wouuld i go about that? could I just change the: RSIsmaS3 = sma(RSIplot3, RSIsmaSLength3) to ema(rsiplot ...... ??? sry dude I am new to this indicator stuff.
Thanks.
godtrix
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@jlee787, Yup correct, just change the sma() to ema()
godtrix
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Hi guys, sorry the previous version is banned for setting "lookahead" on. This version has turn it off. :)
to ema(rsiplot ...... ??? sry dude I am new to this indicator stuff.
Thanks.