RSI 3TF Alert Indicator Download for MetaTrader 4 - Free - [TF Lab]

RSI 3TF Alert (RSI 3TFA) for MetaTrader 4 indicator (MT4) is based on the RSI indicator with 2-period settings. RSI 3TFA combines 3 RSI indicators in one chart, simplifying analysis for traders.

The trading instrument gives a buy signal if 3 RSI indicators cross above the 50 level, and a sell signal if they cross below the 50 level. RSI The blue dots on the 3TFA oscillator (yellow by default) correspond to settings for 3 additional RSIs, and up to 6 RSIs can be used by adjusting the settings.

RSI 3TFA Table

Buy signal (RSI 3TFA)

In the 15-minute EUR/USD chart, the RSI 3TFA oscillator issued a buy signal when the 3 RSI indicators crossed over. After this signal , the market starts to rise and continues to rise.

Sell ​​signal (RSI 3TFA)

In the 1-hour AUD/CAD chart RSI 3TFA MetaTrader4 oscillator issued a sell signal crossover 3 RSI indicators. After this signal , the market starts to fall and fall.

RSI 3TFA Oscillator Settings

• RSI_INPUT_1: RSI 1 Settings
• RSI_Period_1: RSI 1 calculation period
• RSI_Period_2: Period for RSI 2
• RSI_Period_3: Period for RSI 3
• RSI_INPUT_2: RSI 2 Settings
• RSI_Period_B1: B1 indicator calculation period
• RSI_Period_B2: B2 Period
• RSI_Period_B3: B3 Period
• TF1: Figure 1 Timetable for RSI 3TFA calculation. If the value is 0, the indicator automatically selects the next higher time frame from the current chart time frame.
• TF2: Chart 2 time frame. If the value is 0, the indicator automatically selects the two higher timeframes from the current chart.
• TF3: Chart 3 time frame. If the value is 0, the indicator automatically selects three higher timeframes from the current chart.
• Line Size 1: Adjust the size of the pink line
• Line Size 2: Adjust turquoise line size
• Line Size 3: Adjust the size of the red line
• Line Size 4: Adjust Line 4 Size
• Dot Size RSI: Adjust RSI dot size
• Dot Size ARROW: Adjust the size of the signal arrow
• Dot Size ZERO: Adjust the size of the zero line point
• Dot Size RSI5: Adjust the size of the upper border dot of RSI 3TFA
• Number Of Bars: Number of bars used for indicator calculations

Conclusion

The RSI 3TF Alert Indicator (RSI 3TFA) can quickly provide buy signals to traders in an uptrend and sell signals to traders in a downtrend, simplifying technical analysis while benefiting from the indicator's multiple time frame (MTF) capabilities.