Monitoring RSI on Two Timeframes with a Configurable Period

Summary

This indicator displays the current Relative Strength Index alongside RSI calculated on a second, user-selected timeframe. Its period parameter controls the RSI calculation length, while a separate timeframe parameter selects the additional interval. The listed choices span intraday periods from one minute through four hours, as well as daily, weekly, and monthly intervals.

Viewing the two readings together can help users compare momentum conditions across different sampling horizons, but the document does not specify how to combine those readings into a signal or trade. It gives no thresholds for overbought or oversold conditions, no entry or exit rules, and no performance evidence. It also does not explain whether the current-bar value on the longer timeframe updates before that bar closes, a detail that can affect how a live reading differs from a completed historical value. The page is therefore a brief description of a multi-timeframe indicator and its settings, rather than a tested strategy.

Key ideas

• The indicator shows RSI for the current timeframe and a second selected timeframe.
• Users can configure the RSI period and choose another timeframe from minute intervals through monthly.
• The document offers no rules for interpreting the paired RSI readings as trades.
• It provides no backtest evidence or detail about live values on incomplete bars.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.