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RSI Candle Signal

FREE

Published: 9 September 2019

Current version: 1.0

RSI Candle Signal

4.5

RSI Candle Signal Indicator will change bars’ color when set overbought or oversold levels reach.

How to Use RSI Candle Signal

Uptrend/Downtrends - RSI may be used to detect trending markets. For example, the RSI may stay above the mid line 50 in an uptrend.
Top and Buttoms - RSI may help in identifying the tops around the overbought readings (usually above 70), and the bottoms around the oversold area (usually below 30).
Divergence - divergence occurs when RSI directional movement is not confirmed by the price action. For example, a bullish divergence occurs when EURUSD makes lower low but RSI makes higher low. This means that EURUSD is losing momentum and a bullish correction is possible.

Paramètres ( The setting of the parameters is possible.)

Original Setting :

RSI Period - 14.
Overbought - 70.
Oversold - 30.

more...

Lamplighter0055 2022.12.09 21:37 #

Work well, and helps clean my chart - as the RSI is now integrated on the chart, rather than as a separate graph below the chart.

kevinjoyce 2022.09.19 19:11 #

Very good indicator

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Lamplighter0055 2022.12.09 21:37 #

Work well, and helps clean my chart - as the RSI is now integrated on the chart, rather than as a separate graph below the chart.

kevinjoyce 2022.09.19 19:11 #

Very good indicator

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