This indicator calculates five RSI series from the chart close: a short RSI smoothed by a simple moving average, plus RSI lengths of 14, 30, 70, and 120.
CBB MTF Penta RSI stores those readings in arrays and offers toggles for price-bar colors that mark trend, crossovers, crossunders, and 80/20 conditions, plus an optional background color. The shown code stops before the drawing logic finishes, and a comment says the array section needs debugging. It overlays the price chart and has no entries, exits, or stops.
Five RSI series of different lengths
Smoothed short RSI using a simple moving average
Trend, crossover, and crossunder bar color toggles
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show RSI
bool
false
vis_rsi
Show Trend & Crossover Bar Color
bool
false
vis_trendxOver
Show Trend & Crossunder Bar Color
bool
false
vis_trendxUnder
Show Trend Bar Color
bool
true
vis_test50
Show 80/20 Bar Color
bool
false
vis_test8020
Show BG Col Sigs
bool
false
vis_bgcol
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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