Advanced MTF RSI Indicator
Platform: MT4 Type: Oscillator Last update: July 30, 2024The Advanced MTF RSI Indicator for MetaTrader 4 provides the oversold/overbought levels of several different time frames by using only one chart. A trader can use it for confirmation of short-term trades by seeing higher time frame RSI levels. In simple words, you will have Relative Strenght Index values of different time frames in a single chart to make your technical analysis simpler.
How does it work? How to apply in trading?
That Advanced MTF RSI indicator has the built-in Automatic Timeframe Recognition – a function that ensures you don’t have to struggle with the reading of unnecessary information in the MTF RSI indicator window.
When you change the timeframe of your chart, the indicator will automatically adjust the displayed RSI values, and values from lower timeframes than your current chart won’t be displayed and calculated anymore therefore the program is using less computing resources. Being the most popular indicator, the RSI levels are extremely important in every trading situation.
The Multi Timeframe version of the RSI Indicator provides you with leading trading signals that are easy to read.
