Reading RSI Overbought and Oversold Levels Across Ten Timeframes

Summary

This indicator displays the Relative Strength Index state across ten timeframes using a row of colored squares. Red marks a timeframe where the oscillator is below its oversold threshold, medium blue marks one where it is above its overbought threshold, and gray marks readings between those levels. The indicator bases its display on the most recently completed bars, so it does not rely on an unfinished bar for its shown values.

The document describes a visualization aid for comparing RSI conditions across time horizons, rather than a complete entry or exit system. It gives no threshold values, performance results, or rules for combining the readings into trades. Users would need to define those choices and assess the indicator in their own market and testing setup; the display alone does not establish that an overbought or oversold condition predicts a reversal.

Key ideas

• The indicator shows RSI status for ten separate timeframes at once.
• Red squares identify readings below the oversold threshold, while blue squares identify readings above the overbought threshold.
• Gray squares represent readings between the two thresholds.
• Displayed values come from the latest completed bar in each timeframe.
• The indicator visualizes conditions but does not specify a trading or validation method.

Tags

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