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RSIdivCandle.mq5 (6.33 KB) view

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Real author:

RickD

The RSIdivCandle indicator. Colors the candles based on the RSI oscillator:

Blue — RSI is in the overbought area;
Dodger blue — RSI is above the 50 level and outside the overbought and oversold areas;
Purple — RSI is below the 50 level and outside the overbought and oversold areas;
Red — RSI is in the oversold area.

Fig.1. The RSIdivCandle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16036

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RSIdivCandle - indicator for MetaTrader 5