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Attachments: RSI candle indicator - Enjoy
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RSI candle indicator - Enjoy

  • Post #1
  • Quote
  • First Post: Jun 20, 2009 9:07pm Jun 20, 2009 9:07pm
Found this interesting RSI candle or bar chart for MT4.
I had been looking for something like this for a while and possibly others are also. So, thought it would be a good idea to post it here.

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.jpg Size: 525 KB
Attached File(s)
File Type: mq4 RSI BAR CHARTv2.mq4   6 KB | 5,221 downloads
Starting to see instead of just looking.
I always liked this one since it will repaint the candles to either red or blue... makes it real easy.

Enjoy!
Attached File(s)
File Type: mq4 rsi chart bars.mq4   3 KB | 3,397 downloads
Yeah, but then you can't see what price is doing as it overwrites the price candles.
Starting to see instead of just looking.
You can see price just fine, it only changes the color. A candle is a candle no matter what color it is. It does take a bit of getting used too, but is otherwise no different from red and green candles. But whatever, figured Id toss it out there for anyone who might like it..
Quoting Rastaman
Yeah, but then you can't see what price is doing as it overwrites the price candles.
chart properties / chart on foreground - and you have both
Attached Image
Is anyone using this cluster?
It's been a while since I don't see any updates
I will start a new thread trying to capture what I saw so far.
RSI BAR CHARTv2.mq4 is a very nice indicator, rastaman.

Have anybody this indicator as a MTF indicator ?

Thats were realy great.
Greetings.

I like this indicator a lot. But maybe it is possible to make it less laggy? Less candles to show for example. And maybe auto refresh. Would appreciate it. Thanks.
Quoting nUzR
Greetings. I like this indicator a lot. But maybe it is possible to make it less laggy? Less candles to show for example. And maybe auto refresh. Would appreciate it. Thanks.

Made this version.
Attached Image (click to enlarge)
Click to Enlarge Name: rsi candles.png Size: 51 KB
Attached File(s)
File Type: ex4 Rsi candles.ex4   13 KB | 1,473 downloads
  • Post #10
  • Quote
  • Edited 8:05pm Dec 12, 2016 4:04pm | Edited 8:05pm
Quoting mrtools
{quote} Made this version. {file} {image}
@mrtools
why the wick is not showing well? can you wix this ?

And there is more weird stuff. On every new candle even before it moves it's already creating wicks. so are the wicks good?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_295.png Size: 39 KB
  • Post #11
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  • Last Post: Dec 14, 2016 11:36am Dec 14, 2016 11:36am
In RSI which level have importance according to trading.
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