MTF upper chart RSI alert labels

I like this study.
https://usethinkscript.com/threads/rsi-histoalert-indicator-for-thinkorswim.5725/

is it possible to have a Label on Upper chart on 1min/2min time frame suggesting BUY only if the RSI Histo crosses (positive) on 5min or both 5min/15min chart
Ruby:
# RSI_HistoAlert_Strategy
# Based on code located at: https://www.tradingview.com/script/bXMVCkJK-RSI-HistoAlert-Strategy/
# Derived from TOS standard RSI Study
# Converted by rad14733 for usethinkscript.com
#hint: Paints both RSI histogram and line, plus Buy and Sell alert lines.\nNote that this version uses a different scale than the standard RSI Indicator.
# v1.0 : 2021-02-23 : Initial Release
# v1.1 : 2021-02-24 : Added sound alerts for zeroline crossover

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;
input buyAlertValue = -10;
input sellAlertValue = 10;

def rsi = RSI(length, over_bought, over_sold, price, averageType, showBreakoutSignals) - 50;

plot rsiLine = rsi;
rsiLine.SetPaintingStrategy(PaintingStrategy.LINE);
rsiLine.SetDefaultColor(Color.BLUE);
rsiLine.SetLineWeight(3);

plot rsiHist = rsi;
rsiHist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
rsiHist.AssignValueColor(if rsi > 0 then Color.GREEN else Color.RED);
rsiHist.SetLineWeight(1);

plot zeroline = 0;
zeroline.SetDefaultColor(Color.WHITE);

plot BuyAlertLevel = buyAlertValue;
BuyAlertLevel.SetDefaultColor(Color.YELLOW);
BuyAlertLevel.SetPaintingStrategy(PaintingStrategy.LINE);
BuyAlertLevel.SetStyle(Curve.SHORT_DASH);
BuyAlertLevel.SetLineWeight(1);

plot SellAlertLevel = sellAlertValue;
SellAlertLevel.SetDefaultColor(Color.YELLOW);
SellAlertLevel.SetPaintingStrategy(PaintingStrategy.LINE);
SellAlertLevel.SetStyle(Curve.SHORT_DASH);
SellAlertLevel.SetLineWeight(1);

# Alert Code
input useAlerts = yes;
Alert(useAlerts and rsiHist crosses above zeroline, "RSI_HistoAlert xUp", Alert.BAR, Sound.Chimes);
Alert(useAlerts and rsiHist crosses below zeroline, "RSI_HistoAlert xDown", Alert.BAR, Sound.Chimes);

# END - RSI_HistoAlert_Strategy
 
Last edited by a moderator:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
293 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top