RSI multi-length fixed timeframe draws in a separate pane below the price chart, plotting tiered RSI levels and an optional multi-length average. Background coloring signals market spikes and correction waves when chosen indicator lines cross designated upper or lower thresholds. User settings control RSI length, smoothing moving average type, base timeframes, multiplier levels, and spike detection criteria. The script operates strictly as an analytical tool without automated execution logic.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
► Timeframe
timeframe
tf
Low threshold
float
30
threshold_low_limit
High threshold
float
70
threshold_high_limit
threshold_color_middle_low
color
color.new(color.blue,90)
threshold_color_middle_low
threshold_color_middle_high
color
color.new(color.yellow,90)
threshold_color_middle_high
RSI source
source
close
rsi_src
RSI length
int
14
rsi_len
rsi_ma_type
enum
MaT.wma
rsi_ma_type
rsi_ma_len
int
9
rsi_ma_len
Bearish area color
color
color.new(color.red,50)
bearish_color
Bullish area color
color
color.new(color.green,50)
bullish_color
Enable
bool
true
bg_enable
Show all 30 settings
Setting
Type
Default
Variable
bg_bullish_color
color
color.new(color.aqua,90)
bg_bullish_color
bg_bearish_color
color
color.new(color.orange,90)
bg_bearish_color
Base
timeframe
5
multilen_tf
Multiplier
int
6
multilen_mult
Levels
int
4
multilen_levels
Color
color
color.new(color.aqua,85)
multilen_color
multilen_avg_enable
bool
true
multilen_avg_enable
multilen_avg_color
color
color.new(color.teal,70)
multilen_avg_color
Signal line
string
Multi-length Base
spike_signal_line
spike_cross_high_enable
bool
true
spike_cross_high_enable
spike_cross_high_threshold
int
60
spike_cross_high_threshold
spike_cross_high_bg_color
color
color.new(color.maroon,25)
spike_cross_high_bg_color
spike_cross_low_enable
bool
true
spike_cross_low_enable
spike_cross_low_threshold
int
40
spike_cross_low_threshold
spike_cross_low_bg_color
color
color.new(color.navy,25)
spike_cross_low_bg_color
Highligh only crossing point
bool
true
spike_only_crossing
Only correction wave (main line stays outside thresholds)
bool
true
spike_only_correction_wave
Main line
string
MA
spike_main_line
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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