Multi-Timeframe RSI Overlay for Comparing Three Higher Timeframes

Summary

The indicator displays three RSI readings from different timeframes together on the currently viewed chart. Its configurable inputs include the RSI calculation period, overbought and oversold levels, three source timeframes, and visual presentation options. The examples show RSI values from eight-hour, twelve-hour, and daily periods displayed on an hourly chart, either as step-like segments or sloping lines.

This design lets a trader compare momentum or relative strength across horizons without switching charts, while keeping the readings visually aligned on one timeframe. The document does not specify how to interpret agreement or divergence between the three RSI series, nor does it define entry, exit, or risk rules. It supplies no tests or evidence of predictive performance, and it gives no guidance on handling the timing and updating of higher-timeframe values. It is therefore an indicator description rather than a complete trading strategy.

Key ideas

• The indicator plots three RSI series calculated from separate timeframes on a single chart.
• Users can set the RSI period, overbought and oversold levels, and each of the three source timeframes.
• The display can use stepped segments or sloping lines, as illustrated with higher-timeframe readings on an hourly chart.
• No trading rules or evidence of predictive performance are supplied.

Tags

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