RSI Flow Candles MT5
- 지표
- 버전: 1.3
- 활성화: 5
RSI Flow Candles MT5
QCL RSI Flow Candles transforms RSI momentum into smoothed Heikin Ashi-style candles in a separate indicator window. Its candle structure, adaptive trend line and reference zones help traders assess momentum direction, pullbacks and transitions within a familiar 0–100 oscillator scale.
Key Features
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RSI-based candles: View momentum through candle bodies and wicks instead of a conventional RSI line.
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Directional colors: Green candles indicate that the oscillator close is at or above its smoothed open. Red candles indicate the opposite.
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Adjustable smoothing: Control the balance between responsiveness and a smoother candle display.
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Wick-based trend line: The line uses candle body and wick geometry to display bullish, bearish or neutral conditions.
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Reference zones: Upper, lower and central zones provide context for momentum analysis.
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Customizable appearance: Adjust candle, trend line, zone and reference-level colors from the Colors tab.
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Separate-window display: Keep momentum analysis below the price chart.
Reading the Indicator
Consecutive green candles can indicate sustained upward momentum, while consecutive red candles can indicate sustained downward momentum. Changes in candle direction and body size can help identify shifts in momentum.
The trend line appears below the oscillator candles during qualifying bullish conditions and above them during qualifying bearish conditions. When neither directional wick condition is met, it moves to the candle body’s midpoint and uses its neutral color.
Reference levels are placed at 15, 25, 45, 50, 55, 75 and 85. The 45–55 band highlights the central momentum region, while the outer bands help identify relatively high or low oscillator readings. Reaching an outer zone does not, by itself, confirm a reversal.
Input Parameters
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RSI Period: Calculation period for the RSI values used to construct the candles. Default: 10.
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Candle Smoothing: Smoothing applied to the candle open. Higher values produce a smoother display with a slower response. Default: 5.
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Show Zone Shading: Enable or disable the shaded reference zones.
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Show Trend Line: Enable or disable the wick-based trend line.
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Wick Tolerance: Maximum opposing wick size relative to the candle body for a directional trend condition. Default: 0.25.
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Trend Line Offset: Distance between the directional trend line and the oscillator candle, measured in oscillator units. Default: 2.0.
Practical Use
Use QCL RSI Flow Candles alongside price structure, support and resistance, or your existing trading method. It can help evaluate whether momentum supports a price move or whether a pullback is developing.
The indicator provides visual analysis rather than automatic trade instructions. The current candle and trend line update as new prices arrive; assess completed candles when making decisions.
Platform: MetaTrader 5
Display: Separate indicator window
QCL RSI Flow Candles is an analytical tool and does not guarantee trading results.
