Multiple Time Frame Oversold (using RSI) Indicator


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Hey Pete!

How would we make a Multiple Time-Frame Oversold Indicator using the RSI? Allowing us to change the aggregate time frames and what the Oversold value is for all timeframes.

Thanks Pete! Your help is awesome!

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Posted by (Questions: 10, Answers: 14)
Asked on April 21, 2017 4:02 pm
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That is far more advanced than anything I would cover in the Q&A forum. It’s a great request. I have received requests for this in the past and I do plan to publish this as one of our premium indicators. Stay tuned!

In the mean time, you should check out the post that shows how to plot the daily RSI on an intraday chart: https://www.hahn-tech.com/ans/how-to-plot-daily-rsi-on-hourly-chart/

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Posted by (Questions: 37, Answers: 4118)
Answered on April 21, 2017 7:52 pm
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Is it possible to show a different timeframe’s RSI alongside the current timeframes RSI? And be able to change the overlapping RSI to a different timeframe if desired?

( at April 21, 2017 8:59 pm)
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This is pretty much what is shown in the link that I posted in my original response. In that code you have a secondary aggregation period set to ”AggregationPeriod.DAY”. You can easily substitute any of the other aggregation periods listed here: http://toslc.thinkorswim.com/center/reference/thinkScript/Constants/AggregationPeriod.html
That is all I have to add to this request. Multiple Time Frame studies are very complex and are beyond the scope of what I am willing to cover in the Q&A forum.

( at April 21, 2017 9:43 pm)
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Thanks again Pete! Let me know when you come out with the premium indicator!

( at April 21, 2017 10:05 pm)