RSI Trend Color
- Indicators
-
Joas Da Silva Veiga
Hello, I am from Brazil. I develop my own MT5 tools and indicators independently, based on my needs and my day trading studies. I am new here on MQL5 and I share tools and indicators that I personally use and develop, some free and others paid. If you can help me continue my work by purchasing one - Version: 1.0
RSI Color Candles, Color Candles, Colored Candles Indicator, RSI Color, Visual Trend, Candle Coloring, Chart Visual Indicator
What it does
RSI Trend Color is an intelligent visual indicator that transforms RSI readings into colors directly on the candlestick chart. It automatically colors candles:
- Blue: RSI in oversold area
- Orange: RSI in overbought area
- White: RSI in neutral area
Additional features:
- Sound and visual alerts when RSI reaches important levels
- Pullback alerts (when RSI breaks and returns from extreme zones)
- Simple and customizable settings
Who it is for
- For visual traders who prefer to quickly identify market conditions
- For beginners learning to use RSI in a practical way
- For experienced traders who want to speed up technical analysis
- For any trader using MetaTrader 5 looking for intuitive tools
How to use
- Install the indicator in MetaTrader 5
- It will automatically appear on your chart
- Configure according to your preferences:
- Adjust the RSI period (default: 4)
- Enable or disable sound alerts
- Watch the colors on the chart:
- Blue candles: possible buy opportunity
- Orange candles: possible sell opportunity
- Monitor alerts at key levels
Professional tip: Use together with RSI Zone Memory Reative (coming soon) for higher accuracy.
What it does NOT do
- Does not trade automatically on your account
- Does not guarantee 100% winning trades
- Does not replace risk management and money management
- Does not work on platforms other than MT5
- Is not a trading robot (Expert Advisor)
Risk warning
WARNING: Trading involves the risk of capital loss. This indicator is an analysis support tool and does not guarantee profits. The trader is fully responsible for their decisions.
We recommend:
- Testing first on a demo account
- Using proper risk management
- Not risking more than you can afford to lose
- Continuously improving your trading education
Technical information
- Platform: MetaTrader 5
- Markets: Forex, Stocks, Indices, Cryptocurrencies and CFDs
- Timeframes: All
- Requirements: MetaTrader 5 installed
Support and updates
- Visit our store for more products
- Product optimized for performance and stability
Transform your technical analysis with smart colors.
Install now and see the market more clearly.
Install now and see the market more clearly.
Developed by Jo Trader — Focused on the best user experience.
