OPEN-SOURCE SCRIPT
Dynamic RSI Table (Periods & Timeframe)
Introduction
Relative Strength Index (RSI) is one of the most widely used indicators in technical analysis, offering traders insights into market momentum and potential overbought or oversold conditions. While RSI is commonly applied as a single line on a chart, analyzing multiple RSI periods simultaneously can provide deeper insights. In this article, we'll explore how to create and use dynamic RSI tables in TradingView, allowing traders to monitor multiple timeframes and periods in one organized view.
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What Is RSI?
RSI is an oscillator that measures the speed and change of price movements over a specific period, providing values between 0 and 100. The standard interpretation includes:
Overbought Zone (>70): Indicates that the asset might be overvalued and due for a correction or reversal.
Oversold Zone (<30): Suggests that the asset could be undervalued and may rebound upward.
However, relying on a single RSI period or timeframe might not capture the full picture. This is where RSI tables come into play.
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Why Use RSI Tables?
Using an RSI table in TradingView enables traders to:
1. Track Multiple Periods: Monitor RSI values for short, medium, and long-term periods simultaneously.
2. Analyze Different Timeframes: Evaluate RSI data across multiple timeframes (e.g., 1-hour, 4-hour, daily).
3. Simplify Decision-Making: Visualize overbought and oversold conditions in a clean, color-coded table.
4. Receive Alerts: Automate notifications for extreme conditions across all selected periods.
Relative Strength Index (RSI) is one of the most widely used indicators in technical analysis, offering traders insights into market momentum and potential overbought or oversold conditions. While RSI is commonly applied as a single line on a chart, analyzing multiple RSI periods simultaneously can provide deeper insights. In this article, we'll explore how to create and use dynamic RSI tables in TradingView, allowing traders to monitor multiple timeframes and periods in one organized view.
---
What Is RSI?
RSI is an oscillator that measures the speed and change of price movements over a specific period, providing values between 0 and 100. The standard interpretation includes:
Overbought Zone (>70): Indicates that the asset might be overvalued and due for a correction or reversal.
Oversold Zone (<30): Suggests that the asset could be undervalued and may rebound upward.
However, relying on a single RSI period or timeframe might not capture the full picture. This is where RSI tables come into play.
---
Why Use RSI Tables?
Using an RSI table in TradingView enables traders to:
1. Track Multiple Periods: Monitor RSI values for short, medium, and long-term periods simultaneously.
2. Analyze Different Timeframes: Evaluate RSI data across multiple timeframes (e.g., 1-hour, 4-hour, daily).
3. Simplify Decision-Making: Visualize overbought and oversold conditions in a clean, color-coded table.
4. Receive Alerts: Automate notifications for extreme conditions across all selected periods.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.