MTF RSI Indicator
The MTF (Multi-Time Frame) RSI (Relative Strength Index) indicator combines the RSI's overbought and oversold signals across multiple time frames to provide a more comprehensive view of market momentum. By analyzing the RSI from different periods (e.g., daily, hourly, 15-minute), traders can gain insights into potential price reversals or continuations. This approach helps in making informed trading decisions by evaluating overall market strength and possible entry or exit points, allowing for a more nuanced strategy compared to using a single time frame.