This RSI scanner can be use to identify the relative strength of 10 symbols over multiple timeframes it will give you a quick overview which pair is more bearish or more bullish and also signals tops and bottoms in the AVG row
Usage If AVG (average of all 4 timeframes) falls below 30, the cell will get green, indicating a good time to enter long (buy) If AVG (average of all 4 timeframes) rises above 70, the cell will get red, indicating a good time to enter short (sell)
Use the "MTF RSI Scanner" in combination with the "MTF Stochastic Scanner" to find tops (RSI MTF avg >=70 AND Stochastic MTF avg >= 80) or bottoms (RSI MTF avg <= 30 AND Stochastic MTF avg <= 20)
Here is how the two MTF scanners looked on Nov 08 2021 (ATH) »
and here how the MTF scanners looked on June 21 2022
use TradingViews Replay function to check how it would have worked in the past and when not. As always… there NOT a single indicator that can show to the top & bottom 100% every single time. So use with caution, with other indicators and/or deeper understanding of technicals analysis ☝️☝️☝️
Settings You can change the timeframes, symbols, RSI settings, overbought/oversold levels and colors to your liking Drag the table onto the price chart, if you want to use it as an overlay.
NOTE: Because of the 4x10 security requests, it can take up to 1 minute for changed settings to take effect! Please be patient 🙃 If you have any idea on how to optimise the code, please feel free to share 🙏
*** Inspired by "Binance CHOP Dashboard" from @Cazimiro and "RSI MTF Table" from @mobester16 ***
but i check this rsi scanner indicator some time value show difference on rsi i match with rsi indicator
Indicator-Jones
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Hello @Jitan2133, I checked and the values are accurate. Are you sure you have the same pair (symbol), the same timeframe and the same length? The default length of RSI is set to 14. Cheers ✌️
Giive the option of selecting or too unselect multiple asset options. If I want to focus on single other data is not required
Indicator-Jones
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@FlammaTheKing, Thank you for the idea. Right now the table is fixed on 10x4 designed specifically for an overview over multiple assets. For a single asset please have a look for "RSI MTF table" from Mobester16 or "Table: Relative Strength Index (Multiple Timeframes)" from sxw6329 Cheers ✌️