RSI 3TF Alert Indicator for MetaTrader 4 Download - Free - [TF Lab]

The RSI 3TF Alert Indicator (RSI 3TFA) for MetaTrader 4 (MT4) is based on the RSI indicator with a 2-period setting. The RSI 3TFA combines 3 RSI indicators in one chart, simplifying analysis for traders. If the 3 RSI indicators cross above the 50 level, the RSI 3TFA gives a buy signal, and if they cross below the 50 level, it provides a sell signal. The blue dots (default settings are yellow) on the RSI 3TFA oscillator correspond to the settings of 3 additional RSIs, and with setting adjustments, up to 6 RSIs can be used.

RSI 3TFA Table

Buy Signal (RSI 3TFA)

In the 15-minute chart of EUR/USD, the RSI 3TFA oscillator issued a buy signal upon the crossover of 3 RSI indicators. After this signal, the market began its upward movement and continued to rise.

Sell Signal (RSI 3TFA)

In the 1-hour chart of AUD/CAD, the RSI 3TFA oscillator issued a sell signal upon the crossover of 3 RSI indicators. After this signal, the market began its downward movement and fell.

RSI 3TFA Oscillator Settings

• RSI_INPUT_1: RSI 1 Settings
• RSI_Period_1: Period for Calculating RSI 1
• RSI_Period_2: Period for RSI 2
• RSI_Period_3: Period for RSI 3
• RSI_INPUT_2: RSI 2 Settings
• RSI_Period_B1: B1 Period for Indicator Calculation
• RSI_Period_B2: B2 Period
• RSI_Period_B3: B3 Period
• TF1: Timeframe for Chart 1 for RSI 3TFA Calculation. If the value is 0, the indicator automatically selects the following higher timeframe from the current chart timeframe.
• TF2: Timeframe for Chart 2. If the value is 0, the indicator automatically selects two higher timeframes from the current chart.
• TF3: Timeframe for Chart 3. If the value is 0, the indicator automatically selects three higher timeframes from the current chart.
• Line Size 1: Adjust Pink Line Size
• Line Size 2: Adjust Turquoise Line Size
• Line Size 3: Adjust Red Line Size
• Line Size 4: Adjust Line 4 Size
• Dot Size RSI: Adjust RSI Dot Size
• Dot Size ARROW: Adjust Signal Arrow Size
• Dot Size ZERO: Adjust Zero Line Dot Size
• Dot Size RSI5: Adjust RSI 3TFA Upper Border Dot Size
• Number Of Bars: Number of Bars for Indicator Calculation

Summary

The RSI 3TF Alert Indicator (RSI 3TFA) can quickly provide buy signals in an uptrend and sell signals in a downtrend to traders, simplifying analysis while benefiting from the indicator's multi-timeframe (MTF) capability.