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
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1732
A simple interpretation of the Bollinger Bands indicator in a separate window.Cronex_Impulse_CD_Color
A modification of the MACD histogram.