Pine Script Multitimeframe Indicator

Here’s a comprehensive Pine Script designed to combine the **RSI** from the daily timeframe and the **MACD** from the hourly timeframe to confirm trend reversals. The script includes all requested features: multi-timeframe capabilities, configurable parameters, overlay options, and color-coded signals. ### Pine Script Code: ```pinescript //@version=5 indicator("Multi-Timeframe RSI & MACD Trend Reversal", overlay=false, shorttitle="MTF_RSI_MACD") // === Input Settings === // RSI Inputs rsiLength = input.int(14, title="RSI Length") rsiOverbought = input.int(70, title="RSI Overbought Level") rsiOversold = input.int(30, title="RSI Oversold Level") rsiTF = input.timeframe("D", title="RSI Timeframe") // MACD Inputs macdFast = input.int(12, title="MACD Fast Length") macdSlow = input.int(26, title="MACD Slow Length") macdSignal = input.int(9, title="MACD Signal Length") macdTF = input.timeframe("60", title="MACD Timeframe (in minutes)") // Visualization Inputs showOnChart = input.bool(false, title="Show Signals on Main Chart (Overlay)") highlightReversals = input.bool(true, title="Highlight Reversal Signals") rsiColor = input.color(color.blue, title="RSI Color") macdColor = input.color(color.orange, title="MACD Color") reversalColorBull = input.color(color.green, title="Reversal Bullish") reversalColorBear = input.color(color.red, title="Reversal Bearish") // === Fetch Multi-Timeframe Data === // RSI from selected timeframe rsiValue = request.security(syminfo.tickerid, rsiTF, ta.rsi(close, rsiLength)) // MACD from selected timeframe [macdLine, signalLine, _] = request.security(syminfo.tickerid, macdTF, ta.macd(close, macdFast, macdSlow, macdSignal)) // === Trend Reversal Logic === // RSI Trend Conditions rsiBullish = rsiValue < rsiOversold rsiBearish = rsiValue > rsiOverbought // MACD Crossover Conditions macdBullish = ta.crossover(macdLine, signalLine) macdBearish = ta.crossunder(macdLine, signalLine) // Combined Signals bullishReversal = rsiBullish and macdBullish bearishReversal = rsiBearish and macdBearish // === Visualization === // Plot RSI in a separate pane rsiPlot = plot(rsiValue, color=rsiColor, title="RSI") hline(rsiOverbought, "Overbought", color=color.new(color.red, 80)) hline(rsiOversold, "Oversold", color=color.new(color.green, 80)) // Plot MACD in a separate pane macdLinePlot = plot(macdLine, color=macdColor, title="MACD Line") signalLinePlot = plot(signalLine, color=color.new(macdColor, 50), title="Signal Line") fill(macdLinePlot, signalLinePlot, color=macdLine > signalLine ? color.new(color.green, 80) : color.new(color.red, 80)) // Overlay signals on the price chart if enabled if showOnChart label.new(bar_index, high, "Bullish Reversal", color=color.new(reversalColorBull, 80), style=label.style_circle, size=size.small) if bullishReversal label.new(bar_index, low, "Bearish Reversal", color=color.new(reversalColorBear, 80), style=label.style_circle, size=size.small) if bearishReversal // Highlight background for reversals if enabled bgcolor(bullishReversal ? color.new(reversalColorBull, 90) : na, title="Bullish Reversal Highlight", editable=highlightReversals) bgcolor(bearishReversal ? color.new(reversalColorBear, 90) : na, title="Bearish Reversal Highlight", editable=highlightReversals) // === Comments for Clarity === // 1. This script pulls RSI and MACD from different timeframes using `request.security`. // 2. Configurable inputs let you tailor the indicator to your trading strategy. // 3. Combined RSI and MACD logic provides potential trend reversal signals. // 4. Overlay and highlight options improve visualization on the chart. ``` ### Features: 1. **Multi-Timeframe Analysis**: - Pulls RSI and MACD data from user-specified timeframes using `request.security`. 2. **Configurable Parameters**: - Adjust RSI length, MACD settings, and timeframes for flexibility. 3. **Visualization**: - Shows RSI and MACD in a separate pane. - Optionally overlays signals on the price chart. - Highlights reversal signals with color-coded backgrounds. 4. **Multi-Indicator Logic**: - Combines RSI and MACD signals to confirm trend reversals. - Easy to extend with additional indicators. 5. **Clear Code Comments**: - Explains how multi-timeframe logic and visual elements work. Let me know if you need further customization or explanation of any part of the script!