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RSI 4x Candles AM

35 USD

Published: 23 April 2023

Current version: 30.0

RSI 4x Candles AM

Name: RSI 4x Candles AM
Price: 35.00 USD
Author: Andrii Matviievskyi

Indicators
Andrii Matviievskyi
Andrii Matviievskyi
Ukraine

27395
4.6 (22)
19 products 13 topics 47 comments
Version: 30.0
Updated: 15 April 2025
Activations: 10

The presented indicator displays in the form of colored candles the signals of the intersections of four RSI indicators of different periods.

The candle turns red when the values of the first indicator are less than the values of the second indicator and the values of the third indicator are less than the values of the fourth indicator.

The candle turns blue when the values of the first indicator are greater than the values of the second indicator and the values of the third indicator are greater than the values of the fourth indicator.

In other cases, the candles are colored grey.

Application rules:

The appearance of the first candle colored red is a sell signal.
The appearance of the first candle colored in blue is a buy signal.
The appearance of the first gray candle signals a possible change in the direction of price movement and pulling up Stop Loss levels.

The indicator is designed for trading pending orders.

The confirmation of the signal is the overcoming by the price of the high/low of the bar on which the signal was given.

Settings:

RSI1_period (>1) - period of the first RSI;
RSI1_price - price of the first RSI;
RSI2_period (>RSI1_period) - second RSI period;
RSI2_price - price of the second RSI;
RSI3_period (>1) - period of the third RSI;
RSI3_price - price of the third RSI;
RSI4_period (>RSI3_period) - period of the fourth RSI;
RSI4_price - price of the fourth RSI.

Attention:

Please note that any market is constantly changing and there is no guarantee that methods that have been effective in the past will show the same results in the future.

To minimize potential losses, you should regularly optimize the product parameters, study the results of its work and withdraw part of the profit received.

It is recommended that before using the product on a real account, you test its work on a demo account in the same market and with the same broker where you plan to trade.

With respect and best wishes,

Andrii Matviievskyi

P.S.

If you liked this product, I would be grateful for a fair assessment - positive user reviews motivate the author, and reasonable criticism allows us to make products better.

I suggest visiting my page where you will find many unique author's works that are the result of many years of studying exchange trading and FOREX trading.

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The trend is your friend. A simple truth known to every trader. The presented indicator allows you to visualize the current trend. The indicator identifies the trend using the following definition as an algorithm: A trend is a situation when each subsequent maximum price rise is higher/lower than the previous one, and similarly each subsequent maximum price fall is higher/lower than the previous one; The beginning of a new trend is considered to be when the current maximum/minimum overcomes all

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The presented indicator is an original development based on the idea embedded in the classic technical analysis indicator - Fractals. The Fractals indicator allows you to determine a significant trough or peak for analysis on the price chart of the financial instrument in question. The fractal itself on the price chart consists of candles, the middle of which is either the highest (up fractal) or the lowest (down fractal) of all the candles taken for analysis. The original indicator uses five ca

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The presented indicator is the author's implementation of the classic trading idea: Moving averages of different periods diverge over time on a strengthening trend and converge on a weakening trend. The proposed product allows you to clearly demonstrate: The direction of price movement; Temporary price rollbacks; Zones of multidirectional price movement. Namely: The indicator lines go up and diverge from each other - a strong bullish trend; The indicator lines go down and diverge from each othe

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The indicator displays the signals of the RSX Oscillator. The main type of signal is given when the oscillator exceeds the 0 value. If the "Sensitivity" parameter increases above zero, the main signal will also be given when overbought/oversold levels are overcome, defined as zero plus sensitivity and zero minus sensitivity. An additional signal is given when the direction of the oscillator line changes. It is optimal to use the indicator signals as signals to open a trade when the price overcom

35 USD

This indicator displays signals on the price chart based on the data of the classic indicator - the Money Flow Index (MFI). The volume is taken into account when calculating the MFI values. MFI can be used to determine overbought or oversold zones in the market. This indicator allows you to display three types of signals on the price chart: MFI exit from the overbought or oversold zone; MFI entry into the overbought or oversold zone; MFI crossing the middle between the overbought and oversold zo

35 USD

The presented indicator evaluates the volatility of a financial instrument and provides highly effective signals about moments of significant changes in the direction of price movement. The indicator is intuitive and easy to use. The indicator signal is generated after the completion of the formation of the bar on which the indicator changes its position relative to zero. The indicator never redraws the signal. The indicator signals must be confirmed by the price exceeding the maximum/minimum of

115 USD

The presented indicator implements the idea embedded in the classic technical analysis indicators - "Bulls" / "Bears" at a new level. The "Bulls or Bears AM" indicator displays the difference between the maximum and minimum prices for the current period of time and the values of the channel built on the maximum and minimum prices for a longer period. The growth of the indicator values above zero indicates that the maximum price for the current period is greater than the average value of maxi

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The indicator displays the signals of the RSX oscillator on the price chart. (To display these signals in a separate window, along with the oscillator, another indicator is used - RSX Oscillator AM ). It is optimal to use the indicator signals as signals to open a trade when the price overcomes the maximum or minimum of the bar at which the signal was given. An opposite signal cancels the previous signal. Settings: Data period for indicator calculation - data period for indicator calculation;

35 USD

The indicator displays the RSX oscillator in a separate window. The indicator's signals are best used as signals for opening a deal when the price breaks the high or low of the bar on which the signal was given. The opposite signal cancels the previous signal. Settings: Data period for indicator calculation - data period for indicator calculation; Price used to calculate the indicator - price used to calculate the indicator; Oversold level (-1=> 0 <=1) - oversold level; Overbought level (-1=>

35 USD

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jiab 2023.05.09 09:31 #

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