Name: RSI_Overlay – indicator MetaTrader 5
Brand: RobotFX
SKU: 4933
Price: 4.89 USD
Availability: InStock
Rating: 4.4 (61 reviews)

Indicator RSI Overlay displays the chart as colored candles in accordance with the data of oscillator RSI.

It has five adjustable parameters:

Data RSI Compare mode – RSI data comparison mode

RSI vs level 50 – RSI line as referred to level 50
RSI vs OB/OS levels – RSI line as referred to the overbought/oversold levels
Current and previous RSI values – comparing the current and previous values of the RSI line

RSI period – RSI calculation period
RSI applied price
RSI overbought – RSI overbought level
RSI oversold – RSI oversold level

RSI vs level 50:

If the RSI line is above level 50,
then the bullish candle is displayed in green
the bearish candle is displayed in light-green

If the RSI line is below level 50,
then the bearish candle is displayed in red
the bullish candle is displayed in light-red

RSI vs OB/OS levels:

If the RSI line is above the overbought level,
then the bullish candle is displayed in green
the bearish candle is displayed in light-green

Alternative: Channel Trailing - EA MetaTrader 5

If the RSI line is below the oversold level,
then the bearish candle is displayed in red
the bullish candle is displayed in light-red

In all other cases, the candle is gray

Current and previous RSI values:

If the RSI values grow,
then the bullish candle is displayed in green
the bearish candle is displayed in light-green

If the RSI values fall,
then the bearish candle is displayed in red
the bullish candle is displayed in light-red

In all other cases, the candle is gray

Fig. 1. RSI Overlay + RSI. Data RSI Compare mode = RSI vs level 50

Fig. 2. RSI Overlay + RSI. Data RSI Compare mode = RSI vs OB/OS levels

Fig. 3. RSI Overlay + RSI. Data RSI Compare mode = Current and previous RSI values

https://www.mql5.com/ru/code/23429

RSI_Overlay – indicator MetaTrader 5

📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools:

JS-Chaos - EA MetaTrader 5 The author of the idea: JS_Sergey, the mq5 code author: barabashkakvn. The Expert Advisor is based on Bill Williams' strategy.…
MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 -… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
Dematus - EA MetaTrader 5 Author of the idea: Igor MQL5 code author: barabashkakvn How it works If there is a position, and the price…
MAMACD - EA MetaTrader 5 Author of the idea: Yuri, author of the mq5 code: barabashkakvn. Two main iMA (Moving Average, MA) indicators with periods…
CDouble & CDoubleVector - library MetaTrader 5 A library for common rounding methods used in MQL development, primitive wrapper class for type (double), and vector for CDouble…
MACD Stochastic - EA MetaTrader 5 The author of the idea: Firmin, the mq5 code author: barabashkakvn. The Expert Advisor uses two indicators, including iMACD (Moving…
Freeman - EA MetaTrader 5 Author of the idea: vgs MQL5 code author: barabashkakvn The idea is trivial: if RSI is in the oversold area…
Stochastics_Overlay - indicator MetaTrader 5 Indicator Stochastic Overlay displays the chart as colored candles in accordance with the data of oscillator Stochastic. It has eight…

MT5 Expert Advisors

MT5 Indicators

MT5 Libraries

MT5 Scripts

MT4 Expert Advisors

MT4 Indicators

MT4 Libraries

MT4 Scripts

RSI_Overlay – indicator MetaTrader 5

Similar MetaTrader Trading Tools: