Relative Strength Index – RSI is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula: RSI = 100 – 100/(1 + RS*)
Source:investopedia
With this MTF version RSI, you can apply any time frame of RSI to your current chart.
You can have RSI for 15 or 60 minute on your 5 minutes chart, or having weekly RSI on Daily chart.
As long as the secondary time frame is greater than the primary time frame.
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All time frames:
- MIN
- TWO_MIN
- THREE_MIN
- FOUR_MIN
- FIVE_MIN
- TEN_MIN
- FIFTEEN_MIN
- TWENTY_MIN
- THIRTY_MIN
- HOUR
- TWO_HOURS
- FOUR_HOURS
- DAY
- TWO_DAYS
- THREE_DAYS
- FOUR_DAYS
- WEEK
- MONTH
- OPT_EXP
