See how it works out.
Good Trading
& 8
I know it doesn't really fit in with the idea of scalping but with MTF indicators slightly higher timeframes give, in theory more accurate signals.
1M with the MTF indicator on 5 & 15 min mean the indicators 'lock' in on the 1M chart every 5 and 15 candles.
5M with 15/30 MTF then the indicators lock in every 3 and 6 candles
15M with 30M/1H then they locks in every 2 and 4 candles.
30M with 1H/4H is 2 and 8 and then it starts getting less precise again as you go to bigger timeframes (unless you use MT5 with the aditional timeframes).
{quote} report back on the 5MTF 15RSI/30RSI system, we gotta hone in on the best one
1M with the MTF indicator on 5 & 15 min mean the indicators 'lock' in on the 1M chart every 5 and 15 candles.
5M with 15/30 MTF then the indicators lock in every 3 and 6 candles
15M with 30M/1H then they locks in every 2 and 4 candles.
30M with 1H/4H is 2 and 8 and then it starts getting less precise again as you go to bigger timeframes (unless you use MT5 with the aditional timeframes).
Thanks for sharing totmagic. I see that the problem that may exist is when the RSI has not yet closed the 5 candles (M5) or the 15 candles (M15), since when updating the indicator nothing has to do with what it indicates during M1.
Even in the capture it is seen in M1 how RSI (M15) had crossed the 50 level and when updating it it is rectified and does not cross.
So it would be viable only when the period of M5 and M15 closes at the same time (every 15 min), or I'm doing something wrong.
Even in the capture it is seen in M1 how RSI (M15) had crossed the 50 level and when updating it it is rectified and does not cross.
So it would be viable only when the period of M5 and M15 closes at the same time (every 15 min), or I'm doing something wrong.
Thanks for sharing totmagic. I see that the problem that may exist is when the RSI has not yet closed the 5 candles (M5) or the 15 candles (M15), since when updating the indicator nothing has to do with what it indicates during M1. Even in the capture it is seen in M1 how RSI (M15) had crossed the 50 level and when updating it it is rectified and does not cross. So it would be viable only when the period of M5 and M15 closes at the same time (every 15 min), or I'm doing something wrong. {image}{image}
& 8{quote} I know it doesn't really fit in with the idea of scalping but with MTF indicators slightly higher timeframes give, in theory more accurate signals. 1M with the MTF indicator on 5 & 15 min mean the indicators 'lock' in on the 1M chart every 5 and 15 candles. 5M with 15/30 MTF then the indicators lock in every 3 and 6 candles 15M with 30M/1H then they locks in every 2 and 4 candles. 30M with 1H/4H is 2 and 8 and then it starts getting less precise again as you go to bigger timeframes (unless you use MT5 with the aditional timeframes).
quick test last 4 signals 3 theoretical wins and a loss
{quote} i did share the pinescript code for the MTFRSI i'm using study("Multi Timeframe RSI", shorttitle="MTF_RSI") len = input(14, title="Length", type=integer) src = input(close, title="Source", type=source) show5m = input(true, title="show 5m", type=bool) show15m = input(true, title="show 15m", type=bool) show30m = input(true, title="show 30m", type=bool) show1h = input(true, title="show 1h", type=bool) show2h = input(true, title="show 2h", type=bool) show4h = input(true, title="show 4h", type=bool) show1D = input(true, title="show 1D", type=bool)...
and RSI panel ?
{quote} aaa sorry, i dont see, thanks
/ This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//
cbryce23//@version=5
indicator(title="RSI MTF Dashboard", shorttitle = "RSI MTF Dashboard", overlay=true)
//========== Tickers
useT1 = input(true,"", inline = "1", group="Tickers")
t1 = input.symbol("CAPITALCOM:US500","", inline = "1", group="Tickers")
useT2 = input(true,"", inline = "2", group="Tickers")
t2 = input.symbol("CAPITALCOM:US30" , "", inline = "2", group="Tickers")
useT3 = input(true,"", inline = "3", group="Tickers")
t3 = input.symbol("CAPITALCOM:US100", "", inline = "3", group="Tickers")
useT4 = input(true,"", inline = "4", group="Tickers")
t4 = input.symbol("CAPITALCOM:UK100", "", inline = "4", group="Tickers")
useT5 = input(true,"", inline = "5", group="Tickers")
t5 = input.symbol("CAPITALCOM
E40" , "", inline = "5", group="Tickers")useT6 = input(true,"", inline = "6", group="Tickers")
t6 = input.symbol("CAPITALCOM:EU50" , "", inline = "6", group="Tickers")
useT7 = input(true,"", inline = "7", group="Tickers")
t7 = input.symbol("CAPITALCOM:FR40" , "", inline = "7", group="Tickers")
useT8 = input(true,"", inline = "8", group="Tickers")
t8 = input.symbol("CAPITALCOM:SP35" , "", inline = "8", group="Tickers")
//========== Timeframes
TF1 = input.timeframe("15",title="TF1",group="Timeframes")
TF2 = input.timeframe("30",title="TF2",group="Timeframes")
TF3 = input.timeframe("60",title="TF3",group="Timeframes")
TF4 = input.timeframe("240",title="TF4",group="Timeframes")
TF5 = input.timeframe("D",title="TF5",group="Timeframes")
//========== RSI
rsiPeriod = input.int(title="RSI Period", defval=14, minval=2, maxval=365 , group='RSI' )
rsiBull = input.int(title="RSI Bullish", defval=65, minval=51, maxval=100, group='RSI')
rsiBear = input.int(title="RSI Bearish", defval=35, minval=0, maxval=50, group='RSI')
RSI = ta.rsi(close, rsiPeriod)
//========== Style Settings
dash_loc = input.session("Bottom Left","Dashboard Location" ,options=["Top Right","Bottom Right","Top Left","Bottom Left", "Middle Right","Bottom Center"] ,group='Style Settings')
text_size = input.session('Small',"Dashboard Size" ,options=["Tiny","Small","Normal","Large"] ,group='Style Settings')
cell_up = input(#4caf50,'Bullish Cell Color' ,group='Style Settings')
cell_dn = input(#FF5252,'Bearish Cell Color' ,group='Style Settings')
cell_neutral = input(color.gray,'Neutral Cell Color' ,group='Style Settings')
txt_col = input(color.silver,'Text/Frame Color' ,group='Style Settings')
cell_transp = input.int(25,'Cell Transparency' ,minval=0 ,maxval=100 ,group='Style Settings')
//========== RSI Values
//Ticker 1 RSI Values
t1rsi1 = request.security(t1,TF1,ta.rsi(close,rsiPeriod))
t1rsi2 = request.security(t1,TF2,ta.rsi(close,rsiPeriod))
t1rsi3 = request.security(t1,TF3,ta.rsi(close,rsiPeriod))
t1rsi4 = request.security(t1,TF4,ta.rsi(close,rsiPeriod))
t1rsi5 = request.security(t1,TF5,ta.rsi(close,rsiPeriod))
//Ticker 2 RSI Values
t2rsi1 = request.security(t2,TF1,ta.rsi(close,rsiPeriod))
t2rsi2 = request.security(t2,TF2,ta.rsi(close,rsiPeriod))
t2rsi3 = request.security(t2,TF3,ta.rsi(close,rsiPeriod))
t2rsi4 = request.security(t2,TF4,ta.rsi(close,rsiPeriod))
t2rsi5 = request.security(t2,TF5,ta.rsi(close,rsiPeriod))
//Ticker 3 RSI Values
t3rsi1 = request.security(t3,TF1,ta.rsi(close,rsiPeriod))
t3rsi2 = request.security(t3,TF2,ta.rsi(close,rsiPeriod))
t3rsi3 = request.security(t3,TF3,ta.rsi(close,rsiPeriod))
t3rsi4 = request.security(t3,TF4,ta.rsi(close,rsiPeriod))
t3rsi5 = request.security(t3,TF5,ta.rsi(close,rsiPeriod))
//Ticker 4 RSI Values
t4rsi1 = request.security(t4,TF1,ta.rsi(close,rsiPeriod))
t4rsi2 = request.security(t4,TF2,ta.rsi(close,rsiPeriod))
t4rsi3 = request.security(t4,TF3,ta.rsi(close,rsiPeriod))
t4rsi4 = request.security(t4,TF4,ta.rsi(close,rsiPeriod))
t4rsi5 = request.security(t4,TF5,ta.rsi(close,rsiPeriod))
//Ticker 5 RSI Values
t5rsi1 = request.security(t5,TF1,ta.rsi(close,rsiPeriod))
t5rsi2 = request.security(t5,TF2,ta.rsi(close,rsiPeriod))
t5rsi3 = request.security(t5,TF3,ta.rsi(close,rsiPeriod))
t5rsi4 = request.security(t5,TF4,ta.rsi(close,rsiPeriod))
t5rsi5 = request.security(t5,TF5,ta.rsi(close,rsiPeriod))
//Ticker 6 RSI Values
t6rsi1 = request.security(t6,TF1,ta.rsi(close,rsiPeriod))
t6rsi2 = request.security(t6,TF2,ta.rsi(close,rsiPeriod))
t6rsi3 = request.security(t6,TF3,ta.rsi(close,rsiPeriod))
t6rsi4 = request.security(t6,TF4,ta.rsi(close,rsiPeriod))
t6rsi5 = request.security(t6,TF5,ta.rsi(close,rsiPeriod))
//Ticker 7 RSI Values
t7rsi1 = request.security(t7,TF1,ta.rsi(close,rsiPeriod))
t7rsi2 = request.security(t7,TF2,ta.rsi(close,rsiPeriod))
t7rsi3 = request.security(t7,TF3,ta.rsi(close,rsiPeriod))
t7rsi4 = request.security(t7,TF4,ta.rsi(close,rsiPeriod))
t7rsi5 = request.security(t7,TF5,ta.rsi(close,rsiPeriod))
//Ticker 8 RSI Values
t8rsi1 = request.security(t8,TF1,ta.rsi(close,rsiPeriod))
t8rsi2 = request.security(t8,TF2,ta.rsi(close,rsiPeriod))
t8rsi3 = request.security(t8,TF3,ta.rsi(close,rsiPeriod))
t8rsi4 = request.security(t8,TF4,ta.rsi(close,rsiPeriod))
t8rsi5 = request.security(t8,TF5,ta.rsi(close,rsiPeriod))
/// -------------- Table Start -------------------
var table_position = dash_loc == 'Top Left' ? position.top_left :
dash_loc == 'Bottom Left' ? position.bottom_left :
dash_loc == 'Middle Right' ? position.middle_right :
dash_loc == 'Bottom Center' ? position.bottom_center :
dash_loc == 'Top Right' ? position.top_right : position.bottom_right
var table_text_size = text_size == 'Tiny' ? size.tiny :
text_size == 'Small' ? size.small :
text_size == 'Normal' ? size.normal : size.large
var t = table.new(table_position,8,9,
frame_color=txt_col,
frame_width=1,
border_color=txt_col,
border_width=1)
if (barstate.islast)
//headings
table.cell(t,1,0, 'Symbol' ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,0, TF1 ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,3,0, TF2 ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,4,0, TF3 ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,5,0, TF4 ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,6,0, TF5 ,text_color=color.white,text_size=table_text_size,bgcolor=color.black)
// 1
if useT1
table.cell(t,1,1, str.replace_all(t1, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,1, str.tostring(t1rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t1rsi1 >= rsiBull ? cell_up : t1rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,1, str.tostring(t1rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t1rsi2 >= rsiBull ? cell_up : t1rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,1, str.tostring(t1rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t1rsi3 >= rsiBull ? cell_up : t1rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,1, str.tostring(t1rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t1rsi4 >= rsiBull ? cell_up : t1rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,1, str.tostring(t1rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t1rsi5 >= rsiBull ? cell_up : t1rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 2
if useT2
table.cell(t,1,2, str.replace_all(t2, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,2, str.tostring(t2rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t2rsi1 >= rsiBull ? cell_up : t2rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,2, str.tostring(t2rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t2rsi2 >= rsiBull ? cell_up : t2rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,2, str.tostring(t2rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t2rsi3 >= rsiBull ? cell_up : t2rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,2, str.tostring(t2rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t2rsi4 >= rsiBull ? cell_up : t2rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,2, str.tostring(t2rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t2rsi5 >= rsiBull ? cell_up : t2rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 3
if useT3
table.cell(t,1,3, str.replace_all(t3, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,3, str.tostring(t3rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t3rsi1 >= rsiBull ? cell_up : t3rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,3, str.tostring(t3rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t3rsi2 >= rsiBull ? cell_up : t3rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,3, str.tostring(t3rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t3rsi3 >= rsiBull ? cell_up : t3rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,3, str.tostring(t3rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t3rsi4 >= rsiBull ? cell_up : t3rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,3, str.tostring(t3rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t3rsi5 >= rsiBull ? cell_up : t3rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 4
if useT4
table.cell(t,1,4, str.replace_all(t4, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,4, str.tostring(t4rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t4rsi1 >= rsiBull ? cell_up : t4rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,4, str.tostring(t4rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t4rsi2 >= rsiBull ? cell_up : t4rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,4, str.tostring(t4rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t4rsi3 >= rsiBull ? cell_up : t4rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,4, str.tostring(t4rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t4rsi4 >= rsiBull ? cell_up : t4rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,4, str.tostring(t4rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t4rsi5 >= rsiBull ? cell_up : t4rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 5
if useT5
table.cell(t,1,5, str.replace_all(t5, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,5, str.tostring(t5rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t5rsi1 >= rsiBull ? cell_up : t5rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,5, str.tostring(t5rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t5rsi2 >= rsiBull ? cell_up : t5rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,5, str.tostring(t5rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t5rsi3 >= rsiBull ? cell_up : t5rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,5, str.tostring(t5rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t5rsi4 >= rsiBull ? cell_up : t5rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,5, str.tostring(t5rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t5rsi5 >= rsiBull ? cell_up : t5rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 6
if useT6
table.cell(t,1,6, str.replace_all(t6, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,6, str.tostring(t6rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t6rsi1 >= rsiBull ? cell_up : t6rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,6, str.tostring(t6rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t6rsi2 >= rsiBull ? cell_up : t6rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,6, str.tostring(t6rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t6rsi3 >= rsiBull ? cell_up : t6rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,6, str.tostring(t6rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t6rsi4 >= rsiBull ? cell_up : t6rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,6, str.tostring(t6rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t6rsi5 >= rsiBull ? cell_up : t6rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 7
if useT7
table.cell(t,1,7, str.replace_all(t7, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,7, str.tostring(t7rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t7rsi1 >= rsiBull ? cell_up : t7rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,7, str.tostring(t7rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t7rsi2 >= rsiBull ? cell_up : t7rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,7, str.tostring(t7rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t7rsi3 >= rsiBull ? cell_up : t7rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,7, str.tostring(t7rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t7rsi4 >= rsiBull ? cell_up : t7rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,7, str.tostring(t7rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t7rsi5 >= rsiBull ? cell_up : t7rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
// 8
if useT8
table.cell(t,1,8, str.replace_all(t8, syminfo.prefix + ":", ''),text_color=color.white,text_size=table_text_size,bgcolor=color.black)
table.cell(t,2,8, str.tostring(t8rsi1, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t8rsi1 >= rsiBull ? cell_up : t8rsi1 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,3,8, str.tostring(t8rsi2, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t8rsi2 >= rsiBull ? cell_up : t8rsi2 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,4,8, str.tostring(t8rsi3, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t8rsi3 >= rsiBull ? cell_up : t8rsi3 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,5,8, str.tostring(t8rsi4, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t8rsi4 >= rsiBull ? cell_up : t8rsi4 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
table.cell(t,6,8, str.tostring(t8rsi5, '#.#'),text_color=txt_col,text_size=table_text_size, bgcolor=color.new(t8rsi5 >= rsiBull ? cell_up : t8rsi5 <= rsiBear ? cell_dn : cell_neutral,cell_transp))
settings look like this
Nicely thought out systemUnless I'm missing something it doesn't appear viable with the MT4 MTF RSI's here as the RSI is constantly painting with price movement. Unlike the MTF RSI you are using with TradingView where you can set for bar close.
- #80
- Mar 7, 2023 8:45pm Mar 7, 2023 8:45pm
- Joined Jul 2012 | Status: Trader | 1,880 Posts
[quote=HitTheBid;14351441]Nicely thought out system Unless I'm missing something it doesn't appear viable with the MT4 MTF RSI's here as the RSI is constantly painting with price movement. Unlike the MTF RSI you are using with TradingView where you can set for bar close.[/quote
]
Common sense - Yes, it will repaint after the 15 min bar closes .. RSI bars are higher TF, 30 min and 60 min and they can go under 50 when they close.
I trade Breakouts and thought this maybe helpful.
Unless I'm missing something it doesn't appear viable with the MT4 MTF RSI's here as the RSI is constantly painting with price movement. Unlike the MTF RSI you are using with TradingView where you can set for bar close.[/quote]
Common sense - Yes, it will repaint after the 15 min bar closes .. RSI bars are higher TF, 30 min and 60 min and they can go under 50 when they close.
I trade Breakouts and thought this maybe helpful.