hello,
i am coming to you all with an indicator request, and I am hoping you all can assist me! In short, it will be fore the RSI based on a higher TF.
This is would be editable, and once the indicator is active, it will reference that chosen TF RSI regardless of whether you toggle to other Tf. This would also have a live Reading of RSI in the upper right hand corner, so that if the Indy was set to D1, but you were on M5, you would be able to see what the D1 RSI was at in the upper corner of the screen.
secondly, once the reference time frame has exceeded a given rsi extreme, an Ray extending to the right would be placed on the charts showing when that RSI Was breached. Ideally, on smaller TF, this Ray would turn to a segment once the price returned and began working in the normal range (ie If on M30 TF, referencing Day1, once the D1RSI returned below overbought, the Priceline would close at a segment.
lastly, if it is possible, there would be one of two ways to physically alter the chart once the price was below a specific RSI period. Examples below:
Option 1 (may be the most difficult):
Sticking with Indy settings on D1 for higher TF) Once the D1 climbs above a set RSI (let’s say 80), every chart will begin plotting a range box around the candles in that range. So, if D1 has been above 80 for 45 min, the last 3 candles on M15 would have this range box. This would help show that all the preceding candles have been consistently above the D1 RSI Level.
Option 2 (likely to be easier based on indi’s I’ve seen here before):
same thing with D1 indicator holding the reference RSI. BUT, Instead of a range box, if the candle in a smaller TF is above/below the RSI from the reference D1, there would be an up arrow below it, or a down arrow above it. This would let you know you are still in over bought zones or oversold zones on the larger TF.
**Very last** - push communications and alerts are a must. If at all possible, a single alert when the RSI in reference TF passes through the extreme threshold, and also an alert when the rsi returns to normal levels (editable message ideally).
Thanks in advance! I finally feel like I have something to offer the community, but this indicator will be necessary to share-it!
i am coming to you all with an indicator request, and I am hoping you all can assist me! In short, it will be fore the RSI based on a higher TF.
This is would be editable, and once the indicator is active, it will reference that chosen TF RSI regardless of whether you toggle to other Tf. This would also have a live Reading of RSI in the upper right hand corner, so that if the Indy was set to D1, but you were on M5, you would be able to see what the D1 RSI was at in the upper corner of the screen.
secondly, once the reference time frame has exceeded a given rsi extreme, an Ray extending to the right would be placed on the charts showing when that RSI Was breached. Ideally, on smaller TF, this Ray would turn to a segment once the price returned and began working in the normal range (ie If on M30 TF, referencing Day1, once the D1RSI returned below overbought, the Priceline would close at a segment.
lastly, if it is possible, there would be one of two ways to physically alter the chart once the price was below a specific RSI period. Examples below:
Option 1 (may be the most difficult):
Sticking with Indy settings on D1 for higher TF) Once the D1 climbs above a set RSI (let’s say 80), every chart will begin plotting a range box around the candles in that range. So, if D1 has been above 80 for 45 min, the last 3 candles on M15 would have this range box. This would help show that all the preceding candles have been consistently above the D1 RSI Level.
Option 2 (likely to be easier based on indi’s I’ve seen here before):
same thing with D1 indicator holding the reference RSI. BUT, Instead of a range box, if the candle in a smaller TF is above/below the RSI from the reference D1, there would be an up arrow below it, or a down arrow above it. This would let you know you are still in over bought zones or oversold zones on the larger TF.
**Very last** - push communications and alerts are a must. If at all possible, a single alert when the RSI in reference TF passes through the extreme threshold, and also an alert when the rsi returns to normal levels (editable message ideally).
Thanks in advance! I finally feel like I have something to offer the community, but this indicator will be necessary to share-it!