Hi folks,
I wonder if it would be possible to make an rsi indicator, that weights its outcome over several, if not every timeframe.
Months could be seen as 30 days to make it easier.
so the minute TF outcome would stand for 1, and the 5 minute for 5.
1 (1M)
5 (5M)
15 (15M)
60 (1H)
240 (4H)
1.440 (Daily)
10.080 (Weekly)
43.200 (Monthly)
--------+
55.036
The idea of this indicator is that it will show the same outcome on every timeframe, however, it would be very reliable.
Anyone have a thought about this?
Thanks in advance,
Donaciello
I wonder if it would be possible to make an rsi indicator, that weights its outcome over several, if not every timeframe.
Months could be seen as 30 days to make it easier.
so the minute TF outcome would stand for 1, and the 5 minute for 5.
1 (1M)
5 (5M)
15 (15M)
60 (1H)
240 (4H)
1.440 (Daily)
10.080 (Weekly)
43.200 (Monthly)
--------+
55.036
The idea of this indicator is that it will show the same outcome on every timeframe, however, it would be very reliable.
Anyone have a thought about this?
Thanks in advance,
Donaciello
It's a sport, an artform and a science.