OPEN-SOURCE SCRIPT
Advanced Multi-RSI Momentum System
Advanced Multi-RSI Momentum System
This indicator is an enhanced version of multi-timeframe RSI analysis that combines five different RSI periods (7, 14, 21, 28, 35) with a Zero-Lag EMA to create a more responsive and reliable momentum oscillator.
What makes it different:
- Uses a weighted combination of multiple RSI lengths to reduce false signals common in single RSI indicators.
- Zero-Lag smoothing on the average RSI for faster reaction to momentum shifts.
- Intelligent color-coded background system that clearly shows:
• Early momentum signals
• Confirmation signals
• Momentum fading zones
• Consolidation phases (potential breakout setups)
- Clean triangle markers placed directly on the price chart for quick visual reference of buy and sell zones.
How it works:
The script calculates five RSIs with different sensitivities, takes their average, applies Zero-Lag EMA, and then uses specific crossover logic between the RSIs to detect shifts in momentum strength. Consolidation is detected by analyzing both price range and RSI range simultaneously.
Best used on 1H and 4H timeframes for swing and intraday trading.
All colors are fully customizable.
This is not just another RSI indicator — it's a complete momentum analysis system designed to help traders spot high-probability entries, exits, and consolidation breakouts with greater clarity.
Haschemi
This indicator is an enhanced version of multi-timeframe RSI analysis that combines five different RSI periods (7, 14, 21, 28, 35) with a Zero-Lag EMA to create a more responsive and reliable momentum oscillator.
What makes it different:
- Uses a weighted combination of multiple RSI lengths to reduce false signals common in single RSI indicators.
- Zero-Lag smoothing on the average RSI for faster reaction to momentum shifts.
- Intelligent color-coded background system that clearly shows:
• Early momentum signals
• Confirmation signals
• Momentum fading zones
• Consolidation phases (potential breakout setups)
- Clean triangle markers placed directly on the price chart for quick visual reference of buy and sell zones.
How it works:
The script calculates five RSIs with different sensitivities, takes their average, applies Zero-Lag EMA, and then uses specific crossover logic between the RSIs to detect shifts in momentum strength. Consolidation is detected by analyzing both price range and RSI range simultaneously.
Best used on 1H and 4H timeframes for swing and intraday trading.
All colors are fully customizable.
This is not just another RSI indicator — it's a complete momentum analysis system designed to help traders spot high-probability entries, exits, and consolidation breakouts with greater clarity.
Haschemi
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.