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See RSI values turned into colored candles
This indicator provides both colored candles and a colored moving average. 6 drawaing styles are provided to allow customization of the color coding.
Applying coding to the chart may help in conceptualizing price trend and impulse movements defined through RSI values.
Features
– optional colored candles
– optional colored ma
– 6 draw styles;
- RSI slope
- RSI above/below overbought/oversold levels
- RSI above/below level 50
- RSI above/below it’s moving average
- RSI-MA slope
- RSI-MA above/below 50
Troubleshooting:
– if you do not see any colored candles, unselect the “chart on foreground” option in the common tab of the chart properties (right click on chart, select properties).
– If there are any issues or suggestions for the indicator, please comment and let me know. The feedback will be noted and considered in future updates.
