Indicators: RSI multi-timeframe
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RSI multi-timeframe:
This RSI (Relative Strength Index) indicator can be applied to any timeframe, higher or lower than the current chart's timeframe.
NOTE: If you want to create your own multi-timeframe indicators, this RSI MTF indicator is a good example. It has only one buffer so the code is less cluttered and easier to understand than other multi-timeframe indicators with many buffers.
You can use all the usual parameters of the built-in iRSI indicator, the only extra setting is the second timeframe used as input for the calculations. When the indicator is applied to a timeframe lower than the current chart's time frame it's not possible to display all values. In this case, depending on the price type chosen, it will use a different approach to give the most appropriate value.
Author: traderak20