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RSI Trend

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Demo downloaded: 146

Published: 3 July 2017

Current version: 1.0

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RSI Trend

Indicators
Denis Luchinkin
Version: 1.0
Activations: 20

RSI Trend is a trend indicator that interprets the current market situation based on multiple RSI indicators with different periods.

Indicator Benefits

Displays zones of an evident trend movement, overbought/oversold zones, as well as transition zones;
Can be used in scalping strategies, as well as medium-term and long-term strategies;
Has a minimum of settings;
The standard line colors and selected for a comfortable operation with the black and white styles of the chart;
Can be used in Expert Advisors

Input Variables explained

Period - the average line period of the RSI indicator.

Description of indicator

The indicator consists of RSI 5 lines with different periods and colored histograms on each candlestick, interpreting the market situation. In settings, you specify the period of the average RSI line, while the periods of other lines will be calculated automatically. Depending on the sequence of RSI lines, there 6 possible market situations, which are displayed on the chart as a histogram of different colors.

Histograms can be of 6 different colors:

Green - overbought zone;
Blue - upward trend;
Light blue - the price is too low;
Pink - the price is too high;
Red - downward trend;
Orange - oversold zone.

Zones of upward/downward trend movement.

The overbought/oversold zones occur after trend movements, indicating a decrease in the trend strength, further correction or trend reversal.

Zones with a too high/low price appear as a result of a sharp price movement against the trend, followed by either a price return to the current trend, or an attempt to form a new trend.

Using in an Expert Advisor

For convenient indicator use in the Expert Advisors, it has a buffer (buffer index "5") containing all the values of the histograms:

"3" - green - overbought zone;
"2" - blue - upward trend;
"1" - light blue - the price is too low;
"-1" - pink - the price is too high;
"-2" - red - downward trend;
"-3" - orange - oversold zone;
"EMPTY_VALUE" - an empty valye, uncalculated bars.

Please contact me for any questions and suggestions.

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Future Candle One Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of one candle. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable operati

Future Candle Two Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of two candles. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable operat

Future Candle Three Candle is an arrow indicator of candlestick patterns, based on the calculation of historical statistics. It identifies and calculates patterns consisting of three candles. Advantages of the indicator Gives information about the next candle right now; The indicator values are based on statistical data on the history of the current instrument; Forecasts and displays the result of trading based on its signals; The colors of the indicator have been selected for a comfortable op

Spreads Monitoring MT4 - мощный инструмент для сбора значений спреда и записи их в файл. Позволяет "ловить" минимальные и максимальные значения спреда, рассчитывает реальное среднее значение спреда у брокера . Преимущества индикатора: Работает на всех таймфреймах; Восстанавливает ранее записанные данные для отображения на графике; Умеет запускать себя на графиках других символов по шаблону текущего графика; Имеет инструменты для удобной работы с данными; Не нагружает терминал. Параметры индикато

Pivots MT4 - Простой и удобный индикатор уровней pivot , рассчитывает уровни по методам Classic , Fibonacci , DeMark , Camarilla , WooDie , Central Pivot Range . Индикатор выгодно отличается следующим Рассчитывает уровни pivot по методам Classic , Fibonacci , DeMark , Camarilla , WooDie , Central Pivot Range ; Выводит на графике текущие уровни и уровни на предыдущих периодах; Выводит на графике выбранные метод и период, названия уровней и их ценовые значения. Параметры Pivot Method - Вып

Candlestick Patterns MT5 is a simple and convenient indicator able to define 29 candle patterns. Advantages Defines and highlights 29 candle patterns; Estimated trading direction is shown as an arrow; Each candlestick pattern can be disabled in the settings; The indicator can be used as an arrow indicator in EAs. Parameters TextSize - chart text size; TextColor - chart text color; Alert - enable/disable alerts; ---------- Candlestick Patterns ------------- - settings separator; AdvanceB

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