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2016.10.10 15:39
Indicators

RSIdivCandle - indicator for MetaTrader 5

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Views:
821
Rating:
votes: 11

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

Fig.1. The RSIdivCandle indicator

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

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