RSI Candle indicator

I am after some help if someone is willing.

I have been trading for over 6 years now and the only indications that have made me successful are Volume, Market Profile, Strong support and resistance areas, and trading for profits within the ranges of the time frame.

There is one indicator that I keep on my screen which is the RSI, not that I cant identify overbought and oversold areas however in process of trading sometimes I find it useful so I don't miss the obvious. I would like to remove the RSI from dividing the screen and find the only way to do this is to have the bar change colour only when it reaches above 70 and below 20. I have tried to code this myself previously but with limited success.

If there is anyone out there that would be willing to help it would be greatly appreciated.

Many thanks

The code below give a signal in the RSI screen but can't adjust it to paint a candle when it reaches levels.

//+------------------------------------------------------------------+
//| trading hours.mq4 |
//| Copyright 2013, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright 2013, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 DodgerBlue
#property indicator_color2 Green
#property indicator_color3 Red
#property indicator_maximum 90#property indicator_minimum 10
#property indicator_level1 70
#property indicator_level2 50
#property indicator_level3 30
#property indicator_levelcolor DarkGray
extern int RSIPeriod=14;
//--- buffers
double buf_RSI[];
double buf_buy[];
double buf_sell[];
double buf_pos[];
double buf_neg[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(5);
string short_name = "RSI("+RSIPeriod+")";
//---- indicators
SetIndexBuffer(0,buf_RSI);
SetIndexStyle(0,DRAW_LINE,0,1);
SetIndexLabel(0,short_name);
SetIndexBuffer(1,buf_buy);
SetIndexStyle(1,DRAW_ARROW,0,0);
SetIndexLabel(1,NULL);
SetIndexBuffer(2,buf_sell);
SetIndexStyle(2,DRAW_ARROW,0,0);
SetIndexLabel(2,NULL);
SetIndexBuffer(3,buf_pos);
// SetIndexBuffer(3,DRAW_NONE);
// SetIndexLabel(3,NULL);
SetIndexBuffer(4,buf_neg);
// SetIndexBuffer(4,DRAW_NONE);
// SetIndexLabel(4,NULL);

IndicatorShortName(short_name);
IndicatorDigits(Digits);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,counted_bars=IndicatorCounted();
double rel,negative,positive;
//----
if(Bars<=RSIPeriod) return(0);
//---- initial zero
if(counted_bars<1)
for(i=1;i<=RSIPeriod;i++)
{
buf_RSI[Bars-i]=0.0;
}
//----
i=Bars-RSIPeriod-1;
if(counted_bars>=RSIPeriod) i=Bars-counted_bars-1;
while(i>=0)
{
double sumn=0.0,sump=0.0;
if(i==Bars-RSIPeriod-1)
{
int k=Bars-2;
//---- initial accumulation
while(k>=i)
{
rel=Close[k]-Close[k+1];
if(rel>0) sump+=rel;
else sumn-=rel;
k--;
}
positive=sump/RSIPeriod;
negative=sumn/RSIPeriod;
}
else
{
//---- smoothed moving average
rel=Close-Close[i+1];
if(rel>0) sump=rel;
else sumn=-rel;
positive=(buf_pos[i+1]*(RSIPeriod-1)+sump)/RSIPeriod;
negative=(buf_neg[i+1]*(RSIPeriod-1)+sumn)/RSIPeriod;
}
buf_pos=positive;
buf_neg=negative;
if(negative==0.0) buf_RSI=0.0;
else buf_RSI=100.0-100.0/(1+positive/negative);
i--;
}

i=Bars-RSIPeriod-2;
while(i>=0)
{
if(buf_RSI[i+1]<70 && buf_RSI >= 70)
{
buf_sell = buf_RSI;
}

if(buf_RSI[i+1]>30 && buf_RSI <= 30)
{
buf_buy = buf_RSI;
}
i--;
}
//----
return(0);
}
//+------------------------------------------------------------------+

Found some code and modified and all works now thanks.

Try this.
Not sure what exactly you want.
(Only highlighted after confirmed cross of level)

HTH

M.

Thank future spec I can read from the code what you have done and exactly what I was after. I managed to code myself to get a arrow signal but what you have done is exactly how I wanted it.

Thanks again.

Altered to suit request and only works on new MT4.

Thank you very, very much for your quick response