Standard RSI that can be applied for a chart having a different timeframe.
Ascending indicator values exceeding 50 are colored in light green, while descending ones – in dark green. Descending values below this value are shown in red, while ascending ones – in brown.
Indicator input parameters:
//+----------------------------------------------+ //| Indicator input parameters                | //+----------------------------------------------+ input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Chart period input int RSI_Period = 12; // RSI period input ENUM_APPLIED_PRICE AppliedPrice=PRICE_CLOSE; // Price constant input bool ReDraw=true; // Repeat display of information in the empty bars
ColorRSI_HTFÂ