Visualizing RSI Across Six Timeframes with a Chart Radar
Summary
This chart indicator collects RSI readings from six configurable timeframes, including periods above or below the chart timeframe. It plots those values as points on a radar-shaped display over the price chart, with labels identifying each timeframe and its RSI reading. Color regions distinguish overbought and oversold levels, while options control line appearance, curvature, labels, and circles.
The implementation uses lower-timeframe data where available and falls back to a standard timeframe request for the latest value. It recalculates the radar's placement from the visible chart range so the display remains positioned as the user zooms or scrolls. The author describes it as experimental and presents it as a visualization example. It does not define trade entries or exits, and it provides no evidence that combining timeframe readings predicts price direction; RSI thresholds remain descriptive signals rather than validated trading rules.
Key ideas
- The indicator displays RSI readings from six user-selected timeframes in one radar-style chart graphic.
- It supports timeframes both above and below the active chart interval.
- Labels and color regions show timeframe values and overbought or oversold readings.
- The graphic adjusts its placement using the visible chart range as the view changes.
- The script is a visualization tool and supplies no tested trading strategy or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.