Multi-Timeframe RSI and MACD Table with Signals

9월 14일

Multi-Timeframe RSI and MACD Table
This indicator provides a comprehensive overview of market momentum and trend direction across multiple timeframes using the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators. It displays a table on the chart, allowing you to monitor these key technical indicators across different timeframes in a visually intuitive way.

What is RSI (Relative Strength Index)?
RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100. It helps traders identify whether an asset is overbought or oversold:

RSI ≥ 70: Indicates that the asset might be overbought and a reversal or pullback may occur.
RSI ≤ 30: Indicates that the asset might be oversold, signaling a potential rebound or buying opportunity.
RSI around 50: Suggests neutral momentum, with no strong directional bias.
In this indicator, RSI values are calculated and displayed for multiple timeframes to help traders assess momentum across different periods.

What is MACD (Moving Average Convergence Divergence)?
MACD is a trend-following indicator that shows the relationship between two moving averages of a price, typically the 12-period EMA and the 26-period EMA:

MACD Line: The difference between the 12-period EMA and the 26-period EMA.
Signal Line: A 9-period EMA of the MACD Line.
MACD Histogram: The difference between the MACD Line and the Signal Line, showing the strength of the momentum.
MACD is used to identify changes in the strength, direction, and momentum of an asset's price. When the MACD line crosses the signal line, it generates a buy or sell signal:

Bullish Crossover: When the MACD line crosses above the signal line, it indicates upward momentum.
Bearish Crossunder: When the MACD line crosses below the signal line, it signals downward momentum.
Key Features of the Indicator:
Multi-Timeframe Monitoring: This indicator displays RSI and MACD values for several different timeframes (e.g., 5 min, 15 min, 1 hr, 4 hr, 1 day). It allows traders to quickly see how the market behaves across multiple periods.

Bullish/Bearish Background Colors:

Green Background: Indicates a bullish trend. RSI is above 50 and the MACD line is above the signal line, signaling upward momentum.
Red Background: Indicates a bearish trend. RSI is below 50 and the MACD line is below the signal line, signaling downward momentum.
Signal Arrows:

Bullish Signal (▲): This arrow appears when the MACD line crosses above the signal line, indicating a possible bullish momentum shift.
Bearish Signal (▼): This arrow appears when the MACD line crosses below the signal line, indicating a possible bearish momentum shift.
How to Use This Indicator:
Monitor the Signal Arrows for Early Alerts:

Bullish Signal (▲): When an upward arrow appears, it means that the MACD line has just crossed above the signal line, indicating a potential bullish setup. This can serve as an early alert of rising momentum.
Bearish Signal (▼): When a downward arrow appears, it means that the MACD line has just crossed below the signal line, signaling a potential bearish setup.
The arrows provide an early signal of momentum shifts, but they are not enough to confirm a trend on their own.

Wait for Background Color Change for Full Confirmation:

Green Background: A green background across timeframes confirms a bullish trend. This happens when RSI is above 50 (indicating upward momentum) and the MACD line is above the signal line (confirming the bullish trend). Wait for this background color to change to green for full confirmation of a bullish setup.
Red Background: A red background signals a bearish trend. This indicates RSI is below 50 (showing downward momentum) and the MACD line is below the signal line, confirming the bearish trend.
In short:

The signal arrows act as an early alert for potential changes in momentum.
The background color change provides full confirmation of a bullish or bearish trend, aligning both RSI and MACD.
Bullish Setup:

To confirm a bullish setup, look for the green background. A green background means that both RSI and MACD are aligned in a bullish condition. This shows that the asset has upward momentum and a positive trend.
Bearish Setup:

To confirm a bearish setup, look for a red background. This means that both RSI and MACD are aligned in a bearish condition, indicating downward momentum and a negative trend.
Example Usage:
Use the signal arrows as an alert to watch for potential changes in trend. When an arrow appears, it's a good indication to start paying attention.
Use the background color for confirmation of the trend. For a more confident trade, wait for the background to turn green (for bullish) or red (for bearish) before entering or exiting a trade.
Perfect for Trend and Momentum Traders:
This indicator is ideal for traders who want a quick, visual overview of market conditions across multiple timeframes. By focusing on RSI for momentum and MACD for trend direction, it provides a comprehensive snapshot of market trends, allowing traders to make better-informed decisions.