OPEN-SOURCE SCRIPT
MTF StochRSI Alignment
Multi-Timeframe StochRSI Alignment
This indicator monitors the Stochastic RSI across three user-defined timeframes simultaneously and alerts you when they all align in the same direction — a classic sign of a strong, multi-timeframe overbought or oversold condition.
How it works
The script calculates Stochastic RSI independently on each of the three selected timeframes (default: 1-minute, 15-minute, and 1-hour) rather than approximating it from the chart timeframe. Each timeframe is then classified as:
- OB — Overbought (K ≥ 80, adjustable)
- OS — Oversold (K ≤ 20, adjustable)
- N — Neutral (in between)
A clean table in the corner of your chart displays all three timeframes and their current status at a glance, along with an overall **Signal** row:
- All three Overbought → SELL (box shades red)
- All three Oversold → BUY (box shades green)
- Mixed → WAIT (neutral shading)
Features
- Fully customizable timeframes — not locked to 1m/15m/1h, set any three you like
- Adjustable RSI length, Stochastic length, K/D smoothing, and OB/OS thresholds
- Configurable table position (all four corners) and text size
- Built-in alert conditions for both aligned Buy and aligned Sell signals, so you don't have to watch the chart
How to use it
This tool is designed to help you spot moments where short-term, medium-term, and longer-term momentum are all stretched in the same direction — often a precursor to a pullback or reversal. It works well as a confluence filter alongside your existing entry/exit strategy, rather than as a standalone signal generator.
Note: Multi-timeframe indicators reference higher-timeframe data that can update intra-bar. Signals on the lowest configured timeframe are most reliable once that candle has closed. This script is for informational purposes only and does not constitute financial advice — always combine it with your own risk management and analysis.
This indicator monitors the Stochastic RSI across three user-defined timeframes simultaneously and alerts you when they all align in the same direction — a classic sign of a strong, multi-timeframe overbought or oversold condition.
How it works
The script calculates Stochastic RSI independently on each of the three selected timeframes (default: 1-minute, 15-minute, and 1-hour) rather than approximating it from the chart timeframe. Each timeframe is then classified as:
- OB — Overbought (K ≥ 80, adjustable)
- OS — Oversold (K ≤ 20, adjustable)
- N — Neutral (in between)
A clean table in the corner of your chart displays all three timeframes and their current status at a glance, along with an overall **Signal** row:
- All three Overbought → SELL (box shades red)
- All three Oversold → BUY (box shades green)
- Mixed → WAIT (neutral shading)
Features
- Fully customizable timeframes — not locked to 1m/15m/1h, set any three you like
- Adjustable RSI length, Stochastic length, K/D smoothing, and OB/OS thresholds
- Configurable table position (all four corners) and text size
- Built-in alert conditions for both aligned Buy and aligned Sell signals, so you don't have to watch the chart
How to use it
This tool is designed to help you spot moments where short-term, medium-term, and longer-term momentum are all stretched in the same direction — often a precursor to a pullback or reversal. It works well as a confluence filter alongside your existing entry/exit strategy, rather than as a standalone signal generator.
Note: Multi-timeframe indicators reference higher-timeframe data that can update intra-bar. Signals on the lowest configured timeframe are most reliable once that candle has closed. This script is for informational purposes only and does not constitute financial advice — always combine it with your own risk management and analysis.
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.