In the present day I created a multi-scale RSI indicator.
I’ve been pondering so much about learn how to composite the RSI indicator for a number of days. I share a kind of concepts right here.
First Step.
First, I displayed the RSI for all intervals in the identical sub-window and output the composite worth.
Purple is brief intervals and blue is lengthy intervals. As you’ll be able to see, they don’t work nicely as a result of they cancel one another’s options.
Second Step.
The amplitude of the RSI decreases because the interval will increase. To regulate for this, we amplified the sign of the long-term RSI.
We tried varied amplification charges however lastly settled on this outcome. It is a fairly good outcome.
Last Step
As it’s, there may be a whole lot of noise, so we smoothed it out and divided it into three colours. 
How was it? Very cool, proper?
