Hey Guys,
I am happy to share with you my latest indicator that I have developed. It's called the OGT RSI Multi Time Frame Indicator.
The indicator provides an early warning indication that price MAY be about to reverse. It looks to see if the RSI is OB/OS on multiple time frames. The RSI can be customised to suit your trading needs.
You can also set how many additional time frames to check using the higer_TF_quantity input. For example if this was set to 2 then it would check the current time frame and the next 2 higher time frames.
Example: Current time frame = M5, it would only provide a signal when the M5, M15 and M30 are OB/OS simultaneously. The more time frames you select the less signals the indicator will provide.
I have created a tutorial video below that walks you through the indicator settings and all the signals it provided in November 2017 on the M5 EUR/JPY chart.
Please provide feedback on how I can improve this indicator and provide better quality signals.
-------DOWNLOADS AND TUTORIALS-------
OGT RSI MTF Indicator v1.0 Download & Tutorial
I also refer to the OGT Price Action Indicator in the video which can be downloaded here: https://www.forexfactory.com/showthread.php?t=707057
I am happy to share with you my latest indicator that I have developed. It's called the OGT RSI Multi Time Frame Indicator.
The indicator provides an early warning indication that price MAY be about to reverse. It looks to see if the RSI is OB/OS on multiple time frames. The RSI can be customised to suit your trading needs.
You can also set how many additional time frames to check using the higer_TF_quantity input. For example if this was set to 2 then it would check the current time frame and the next 2 higher time frames.
Example: Current time frame = M5, it would only provide a signal when the M5, M15 and M30 are OB/OS simultaneously. The more time frames you select the less signals the indicator will provide.
I have created a tutorial video below that walks you through the indicator settings and all the signals it provided in November 2017 on the M5 EUR/JPY chart.
Please provide feedback on how I can improve this indicator and provide better quality signals.
-------DOWNLOADS AND TUTORIALS-------
OGT RSI MTF Indicator v1.0 Download & Tutorial
Inserted Video
Attached File(s)
OGT RSI MTF Indicator.ex4
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5,844 downloads
I also refer to the OGT Price Action Indicator in the video which can be downloaded here: https://www.forexfactory.com/showthread.php?t=707057
Never stop investing. Never stop improving. Never stop doing something new