RSI 3 Time Frame Alert Indicator Alert Indicator for MetaTrader 5 Download – Free - [TF Lab]

The RSI 3 Time Frame Alert Indicator (RSI 3TFA) for the MetaTrader 5 (MT5) trading platform combines three RSI indicators displayed as an oscillator on the chart. The indicator features three RSI lines, each with a 2-period setting: the red line represents one timeframe higher than the current chart, the blue line represents two timeframes higher, and the purple line represents the highest timeframe relative to the chart's timeframe. Buy and sell signals are issued when the necessary conditions are met within the RSI 3TFA indicator.

RSI 3TFA Table

Buy Signal (RSI 3TFA)

In the 30-minute chart of EUR/USD, the RSI 3TFA indicator issued a buy signal at the price of 1.07956 when the appropriate conditions were met. After this signal, the market entered an uptrend. The trader can enter a buy (BUY) trade by analyzing the market and observing this bullish signal.

Sell Signal (RSI 3TFA)

In the one-hour chart of Bitcoin, the oscillators of the RSI 3TFA are below the zero line. As the three RSI lines cross each other at the price of 66289.21, a sell signal is issued. Upon seeing this signal, the trader can enter a sell (SELL) trade.

RSI 3TFA Oscillator Settings

• RSI_INPUT_1: First RSI Input Settings
• RSI_Period_1: Period for RSI 1
• RSI_Period_2: Period for RSI 2
• RSI_Period_3: Period for RSI 3
• RSI_INPUT_2: Second RSI Input Settings
• RSI_Period_B1: Period for RSI B1
• RSI_Period_B2: Period for RSI B2
• RSI_Period_B3: Period for RSI B3
• TF1: Select Timeframe 1
• TF2: Select Timeframe 2
• TF3: Select Timeframe 3
• Line Size 1: Magenta Line Size
• Line Size 2: Aqua Line Size
• Line Size 3: Red Line Size
• Line Size 4: Line Size 4
• Dot Size RSI: Dot Size for RSI
• Dot Size ARROW: Signal Arrow Size
• Dot Size ZERO: Zero Line Dot Size
• Dot Size RS15: RSI 5 Dot Size
• Number of Bars: Number of Bars for Indicator Calculation

Summary

The RSI 3TF Alert Indicator (RSI 3TFA) uses three RSI oscillators at different timeframes to provide buy and sell signals, aiding traders in trading decisions. Traders can add three more RSI oscillators in the settings section of this indicator to observe additional signals on the chart.