RSI Candle Signal

4.5

RSI Candle Signal Indicator will change bars’ color when set overbought or oversold levels reach.


How to Use RSI Candle Signal

  • Uptrend/Downtrends - RSI may be used to detect trending markets. For example, the RSI may stay above the mid line 50 in an uptrend.
  • Top and Buttoms - RSI may help in identifying the tops around the overbought readings (usually above 70), and the bottoms around the oversold area (usually below 30).
  • Divergence - divergence occurs when RSI directional movement is not confirmed by the price action. For example, a bullish divergence occurs when EURUSD makes lower  low but RSI makes higher low. This means that EURUSD is losing momentum and a bullish correction is possible.

Paramètres ( The setting of the parameters is possible.)

Original Setting :

  • RSI Period - 14.
  • Overbought - 70.
  • Oversold - 30.



Reviews 6
Lamplighter0055
86
Lamplighter0055 2022.12.09 21:37 
 

Work well, and helps clean my chart - as the RSI is now integrated on the chart, rather than as a separate graph below the chart.

kevinjoyce
95
kevinjoyce 2022.09.19 19:11 
 

Very good indicator

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Detect Indirection Break Out Signal with high success rate. Price will increase to 119$ By Tomorrow Introduction to Market Structure Break Out (MSB) , this indicator is an advanced tool designed for both MT4 and MT5 platforms , helping traders view market movement through the lens of price structure. It identifies and highlights key trading signals using arrows and alerts, both in the direction of the trend and against it (reversal signals). One of its standout features is the ability to draw u
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Lamplighter0055
86
Lamplighter0055 2022.12.09 21:37 
 

Work well, and helps clean my chart - as the RSI is now integrated on the chart, rather than as a separate graph below the chart.

kevinjoyce
95
kevinjoyce 2022.09.19 19:11 
 

Very good indicator

John Winsome Munar
3471
John Winsome Munar 2022.06.17 23:57 
 

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Michael Bibe
204
Michael Bibe 2022.01.09 16:16 
 

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Shamas Ali
51
Shamas Ali 2020.12.06 13:54 
 

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cvdestyfx
2940
cvdestyfx 2020.01.01 22:11 
 

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