Free TradingView indicator
MTF RSI + Average (Multi-Timeframe).
Compare up to five RSI readings on one chart, build up to two averages, and review optional momentum signals and divergences.
Overview
See several momentum views together.
This script can plot RSI readings for up to five selected timeframes in one pane. It can also combine chosen readings into two separate average lines and show their values in a chart table. The aim is to compare short- and long-horizon momentum without repeatedly switching chart intervals.
Beyond standard RSI, the calculation menu includes multiple RSI-related variants. Different variants can answer different questions; their values should not be assumed interchangeable.
Averages and overlays
Build the comparison you need.
You can select which readings contribute to each average and display labels showing their component timeframes and current values. Optional moving averages can be applied to an individual RSI or an average RSI. The script offers several moving-average methods, so note which one is in use when interpreting a cross.
Signals
Thresholds, crosses, and divergence.
Optional signals cover entering, leaving, or weakening within overbought or oversold territory, a 50-line cross, and crosses of a selected moving average. A difference reading compares two RSI lines. Regular and hidden bullish or bearish divergence can be drawn for one selected RSI or average at a time.
A divergence is a comparison between indicator swings and price swings. It can persist or fail, so it is a prompt to examine the chart rather than a confirmed turning point.
Timeframes and alerts
Know when a reading is final.
A higher-timeframe candle is unfinished until that timeframe closes. The script’s confirmed-bar option references a prior completed bar when using a higher timeframe; a developing reading can change before confirmation. The publication warns against selecting a lower timeframe than the current chart for this tool.
Alerts offer confirmed and potential behaviour. A confirmed alert waits for the bar to close while its conditions hold; a potential alert can fire sooner but its condition may disappear. The publication also describes a same-chart-timeframe period-multiple approach when you want an approximation without waiting for higher-timeframe closes.