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Pinescript trading view multi time frame RSI - Allows you to plot upto 3 MTF RSI's on one panel
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// All credits go to CMoody for the original Idea... | |
// THE MTFRSI is an extension of his original script to now encorporate 3RSI's on one panel | |
study(title="TraderX0 3-RSI MTF", shorttitle="X0_3_RSI_MTF", precision=0) | |
//candle source | |
src = close | |
//rsi setup | |
//first RSI inputs | |
firstRsiTimeframe = input(title="Select 1st RSI Timeframe", type=resolution, defval="60") | |
len = input(14, minval=1, title="1st RSI Length") | |
//second RSI inputs | |
isDisplaySecondRsi = input(false, title="Show 2nd RSI?") | |
secondRsiTimeframe = input(title="Select 2nd RSI Timeframe? Check Box Above", type=resolution, defval="240") | |
len2 = input(14, minval=1, title="2nd RSI Length") | |
//third RSI inputs | |
isDisplayThirdRsi = input(false, title="Show 3rd RSI?") | |
thirdRsiTimeframe = input(title="Select 3rd RSI Timeframe? Check Box Above", type=resolution, defval="D") | |
len3 = input(14, minval=1, title="3rd RSI Length") | |
//AREA FOR DISPLAYING RSI PROPERTIES | |
// oversold and overbought lines | |
upLine = input(70, minval=50, maxval=90, title="Upper Line Value?") | |
lowLine = input(30, minval=10, maxval=50, title="Lower Line Value?") | |
sml = input(false, title="Display Mid Line?") | |
sbh = input(false, title="Highlight When 1st RSI is Above/Below High/Low Lines?") | |
sch = input(false, title="Highlight When 1st RSI Cross?") | |
//calculate 1st rsi values | |
up = rma(max(change(src), 0), len) | |
down = rma(-min(change(src), 0), len) | |
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) | |
outRSI = security(tickerid, firstRsiTimeframe, rsi) | |
//calculate 2nd rsi values | |
up2 = rma(max(change(src), 0), len2) | |
down2 = rma(-min(change(src), 0), len2) | |
rsi2 = down2 == 0 ? 100 : up2 == 0 ? 0 : 100 - (100 / (1 + up2 / down2)) | |
outRSI2 = security(tickerid, secondRsiTimeframe, rsi2) | |
//calculate 3rd rsi values | |
up3 = rma(max(change(src), 0), len3) | |
down3 = rma(-min(change(src), 0), len3) | |
rsi3 = down3 == 0 ? 100 : up2 == 0 ? 0 : 100 - (100 / (1 + up3 / down3)) | |
outRSI3 = security(tickerid, thirdRsiTimeframe, rsi3) | |
//TODO NEED TO RE-WRITE THIS SECTION FOR BETTER LOGIC - CHANGE THIS AS YOU WISH | |
//calculate rsi display logic - below is key to indicating buy or sell | |
aboveLine = outRSI > upLine ? 1 : 0 | |
belowLine = outRSI < lowLine ? 1 : 0 | |
crossUp = outRSI[1] < lowLine and outRSI > lowLine ? 1 : 0 | |
crossDn = outRSI[1] > upLine and outRSI < upLine ? 1 : 0 | |
//Get ui logic from calculated rsi condistions | |
bgcolor(sbh and aboveLine ? red : na, transp=70) | |
bgcolor(sbh and belowLine ? green : na, transp=70) | |
bgcolor(sch and crossUp ? lime : na, transp=40) | |
bgcolor(sch and crossDn ? red : na, transp=40) | |
//plot first rsi line | |
plot(outRSI, title="RSI", style=line, linewidth=2, color=blue) | |
//plot second rsi line if selected | |
plot(isDisplaySecondRsi and outRSI2 ? outRSI2 : na, title="2nd RSI - Different Time Frame?", style=line, linewidth=2, color=purple) | |
//plot third rsi line if selected | |
plot(isDisplayThirdRsi and outRSI3 ? outRSI3 : na, title="3rd RSI - Different Time Frame?", style=line, linewidth=2, color=green) | |
//plots the upper and lower lines and mid lines | |
p1 = plot(upLine, title= "Upper Line", style=solid, linewidth=2, color=black) | |
p2 = plot(lowLine, title= "Lower Line", style=solid, linewidth=2, color=black) | |
plot(sml and 50 ? 50 : na, title="Mid Line", style=line, linewidth=1, color=black) | |
//EOF |
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But why are you calculating RSI manually? Just wondering...
rp_security(_symbol, _res, _src) =>
request.security(_symbol, _res, _src[barstate.isrealtime ? repainting ? 0 : 1 : 0], barmerge.gaps_off, barmerge.lookahead_on)
rsi = rp_security(syminfo.tickerid, tf, ta.rsi(src, length))