RSICandleV2 – indicator MetaTrader 5

Fig.1. The RSICandleV2 indicator
The RSI indicator implemented as candlesticks with indication of breaking the overbought and oversold areas. Candlesticks appear as a result of relevant price timeseries processed by the RSI algorithm. In many situations, such approach may be more informative for the purpose of analysis. If the growing candle has a High above the overbought level, then … Read more