RSI 3 Time Frame Alert Indicator for MT5 Download - Free - [TF Lab] - MetaTrader 5 Resources

The RSI 3 Time Frame Alert Indicator (RSI 3TFA) for the MetaTrader 5 (MT5) indicator combines three RSI indicators, displayed as an oscillator on the chart. The trading tool features three RSI lines, each with 2 period settings: the red line represents one time frame above the current chart, the blue line represents two time frames above the current chart, and the purple line represents the highest time frame relative to the chart time frame.

Buy and sell signals are issued when the necessary conditions are met within the RSI 3TFA indicator.

RSI 3TFA Table

Buy signal (RSI 3TFA)

In the 30-minute EUR/USD chart RSI 3TFA indicator issued a buy signal at price 1.07956 when the appropriate conditions are met. After this signal is sent, the market enters an uptrend. Traders can enter a buy (BUY) trade by analyzing the market and observing this bullish signal.

Sell ​​signal (RSI 3TFA)

In the one-hour Bitcoin chart, the RSI 3TFA oscillator is below the zero line. Since the 3 RSI lines crossed each other at the price of 66289.21 , a sell signal was issued. After seeing this signal, traders can place a sell (SELL) trade.

RSI 3TFA Oscillator Settings

• RSI_INPUT_1: The first RSI input setting
• RSI_Period_1: Period for RSI 1
• RSI_Period_2: Period for RSI 2
• RSI_Period_3: Period for RSI 3
• RSI_INPUT_2: Second RSI input setting
• RSI_Period_B1: Period for RSI B1
• RSI_Period_B2: Period for RSI B2
• RSI_Period_B3: Period for RSI B3
• TF1: Select Timeframe 1
• TF2: Select Timeframe 2
• TF3: Select Timeframe 3
• Line Size 1: Magenta Line Size
• Line Size 2: Aqua Line Size
• Line Size 3: Red Line Size
• Line Size 4: Line Size 4
• Dot Size RSI: Dot Size for RSI
• Dot Size ARROW: Signal Arrow Size
• Dot Size ZERO: Zero Line Dot Size
• Dot Size RS15: RSI 5 Dot Size
• Number of Bars: Number of bars used for indicator calculations

Conclusion

The RSI 3TF Alert Indicator (RSI 3TFA) uses three RSI oscillators on different time frames to provide buy and sell signals. When developing a trading strategy, traders can add three additional RSI oscillators in the settings section of this indicator to observe other signals on the chart.