Cagliostro wrote: Mon Sep 08, 2025 6:27 pm RSI Bands MTF with Smart Confluence

What it does: Transforms RSI oscillator logic into dynamic price bands directly on chart. Instead of looking at RSI in a separate window, users can see exactly where price would need to be for RSI to hit overbought/oversold levels.

Key Features:
-Triple MTF Analysis: Monitor up to 3 timeframes simultaneously with automatic higher TF selection
-Smart Confluence Detection: Filters signals by alignment strength (1/2/3 TF confluence)
-RSI Bands Algorithm with EMA smoothing
-Visual Signal Hierarchy: Small dots (1 TF) → Small Arrows (2 TF) → Full Arrows (3 TF perfect alignment)

Trading Logic:
-Bands act as dynamic S/R levels that adapt to volatility
-Crosses above lower band = potential long entry
-Crosses below upper band = potential short entry
-Confluence of multiple timeframes = higher probability setups


image_2025-09-08_102432731.png

Based on original TV code by Lazybear

sajjad3245 wrote: Sat Dec 06, 2025 1:35 am hi Cagliostro, I love this indicator and so many thanks for your outstanding works . I just have a question... is this indicator repainting??