Results 1 to 3 of 3
  1. #1
    Junior Member

    Question Multiple time frame RSI !!!

    Hi guys, i read the article about the MTF stochastic some time ago and i found a mtf version of RSI too. What can you tell me about it? What could be the difference between them?

    Heres a pic using RSI (H1 and 5min) with period 7 using chart of 5 min. When RSI (H1) is oversold and RSI 5min crosses oversold level, price starts going up.

    Last edited by jesusoro17; 08-25-2014 at 05:04 PM.

  2. #2
    Legendry Member Michael Hodges's Avatar
    changing the length of the period smoothes out the line, which can weed out false signals but also makes good signals harder to find as well.

  3. #3
    Legendry Member willyw's Avatar
    Shorter timeframe has more noises than longer timeframe and maybe confuse a trader especially new traders. Its advisable to use longer timeframe which has less noises

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3