All-in-One RSI & StochRSI: 4x MTF View Matrix by Jenn.io

All-in-One RSI & StochRSI: 4x MTF View Matrix (Momentum Dashboard) by Jenn.io

Indicator Overview

This indicator is a complete momentum tool that combines the Relative Strength Index (RSI) and the Stochastic RSI (StochRSI) into a single pane, complemented by a powerful Multi-Timeframe (MTF) Table of up to 4 timeframes for a comprehensive market view.

It is ideal for traders looking to confirm overbought/oversold conditions across multiple timeframes before making a trading decision.

Key Features and Logic:

Dual Oscillator Display: It plots the RSI (to measure the speed and change of price movements) and the %K and %D lines of the StochRSI (to measure the RSI relative to its range).

Visual Signaling: Background Shading: The RSI area is shaded in Red or Green (overbought or oversold) for quick identification of extreme zones.

Optional Labels: Displays clear labels like "OB" (Overbought) or "OS" (Oversold) when the oscillators cross critical levels.

Multi-Timeframe Table (MTF 4): The core feature. It displays the values of the RSI and the StochRSI Average ((K + D) / 2) across four different timeframes fully customizable by the user (e.g., 15m, 1h, 4h, Daily).

Heatmap Matrix: The MTF table values are dynamically colored:Red or Green: If the value is in the Overbought zone ($\geq 70$ by default) or Oversold zone ($\leq 30$ by default).

Recommended Usage:

Signal Confluence: Use the primary oscillators to identify an entry signal on your operating timeframe.

MTF Confirmation: Check the MTF table to confirm that momentum on higher timeframes (e.g., 4H or Daily) is moving in the same direction (e.g., if the current timeframe oscillator is oversold, look for higher TFs to show a neutral or low value to confirm exhaustion).

Risk Management: Avoid taking buy signals if the higher TFs are already showing a strong overbought condition (Red or Green).