Technique using Multi-Timeframe RSI signal indicator

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Today we will teach you an efficient way to use the “Multi-Timeframe RSI Signal” that informs you of trends by color.

The Multi-Timeframe RSI Signal is an indicator that can be applied only to the 5-minute chart.

In simple terms, it references the RSI values of the 15-minute, 1-hour, and 4-hour charts,

blue when all values are above the set value,

red when all values are below the set value,

and yellow for all other cases.

What this color indicates is, when viewing RSI values across multiple timeframes,

whether the current market is rising, falling, or neither.

In this article, we will cover cautions and techniques for using this Multi-Timeframe RSI Signal.

First, a few cautions.

This Multi-Timeframe RSI Signal is designed to be used on the 5-minute chart.

If you switch to other timeframes, nothing will be displayed.

Next, when reflecting on past charts and when moved in real time, there may be discrepancies in the display.

What this means is that, as shown in the images below,

the upper Multi-Timeframe RSI Signal shows results from the strategy tester,

and the lower one shows the result after applying to the chart post‑analysis.

As you can see by comparing the results of the upper and lower Multi-Timeframe RSI Signals,

there is a slight difference in display, so if you want to thoroughly observe the indicator's behavior in past verifications, we recommend using the tester while operating it.

Next, techniques using the Multi-Timeframe RSI Signal.

This indicator does not display buy/sell signals for decision making; it is intended to be used as an aid for market judgment.

For example, please look at the market below.

A market where the RSI on the 15-minute, 1-hour, and 4-hour charts exceeds 60 could be considered an uptrend.

Even so, RSI has other uses as well.

RSI can be used for mean-reversion buy/sell decisions by indicating overbought/oversold conditions.

We changed the Multi-Timeframe RSI Signal parameters to

RSI_High: 70　RSI_Low: 30

and applied them to the chart.

When you change the parameters, most of the chart becomes yellow,

but as shown in the part of the image above, red appears at the turning points of the trend.

In other situations, as shown in the image below, blue appeared at the end of an uptrend.

This tool can be used as a supplementary indicator that can mark trend reversal points in blue or red.

Please try it!

If you have not yet obtained the“Multi-Timeframe RSI Signal”“Multi-Timeframe RSI Signal”,click here

Tool Development Team