Category Oscilators Published on 15/04/2024

RSI Candles

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.

Description

Presenting the RSI Candles indicator for cTrader, a unique tool designed to represent Relative Strength Index (RSI) values in candlestick format, providing a novel perspective on market momentum. This indicator offers a comprehensive view of RSI dynamics in a separate panel, allowing traders to easily spot potential trend reversals and trading opportunities.

Key Features:

RSI Parameters: Customize the RSI period to align with your trading strategy.
Candle Thickness: Adjust the thickness of the RSI candles for enhanced visibility.
Color Customization: Tailor the colors of bullish and bearish RSI candles to suit your preferences.
The candlesticks illustrate the RSI's open, high, low, and close points.

How It Works: The RSI Candles indicator converts RSI values into candlestick format, with each candle representing RSI data for a specific period. Bullish and bearish RSI candles are color-coded, enabling traders to quickly identify shifts in market sentiment.

Elevate your trading experience with the RSI Candles indicator for cTrader. Gain valuable insights into RSI dynamics and make informed trading decisions with ease.

Source Code


The author decided to hide the source code.

AMADEUSvrl

Joined on 15.04.2024

Distribution: Free
Language: C#
Trading platform: cTrader Automate
File name: RSI Candles.algo
Rating: 3.75
Installs: 485
Modified: 15/04/2024 13:53

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Comments

TommyDee · 7 months ago

Thank you for sharing this very useful indicator with our community and for devoting the time and effort to develop it.

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