I created an MT4 indicator [Exotic RSI Change] that changes the color of the candlestick depending on the RSI value! This indicator is for traders who are looking at overbought (above 70) or oversold (below 30) values in the RSI, and when the RSI reaches that milestone value, the color of the candlestick changes to make it easier to see. It is available as a free download, so we hope you will download it as often as possible.

Candlestick color changes depending on RSI value

The [Exotic RSI Change] is an indicator that changes the color of the candlestick according to the RSI value. It is a very simple indicator, but for those who trade using RSI, the color of the candlestick changes, making it easier to see, and I think this indicator will be a strong ally! By default, the candlestick changes to red when the RSI is above 70 (overbought) and the candlestick changes to blue when the RSI is below 30 (oversold).

The value at which the color changes can be freely set!

By default, the candlestick turns red when the RSI is above 70 (overbought) and blue when the RSI is below 30 (oversold), but the color change value can be freely set in the parameter settings.

The candlestick changes to red when the RSI is above the parameter "overbought threshold.
The candlestick changes to red when the RSI falls below the parameter "Oversold Judgment Value.

For example, if the overbought and oversold thresholds are set to 60 and 40, respectively, the candlestick will change as follows.

Although simple, this indicator can be used in conjunction with other indicators for a variety of applications, and we hope it will be useful in devising and verifying methods using RSI.

Release information, method, version up information, and campaign information! We will inform you about EA, version up, release information, methods, etc. through SNS.

Provider/Distributor	GogoJungle Co., Ltd.
Sales site	GogoJungle

【異国のRSIチェンジ】