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2013.07.17 21:42
Indicators

RSICandle - indicator for MetaTrader 5

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The RSI indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the RSI algorithm. In many situations, such an approach could be more informative for the purpose of analysis.

Figure 1. The RSICandle indicator

Figure 1. The RSICandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1732

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