Applies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a useful prompt to review price action. I hope this helps and good luck with your analysis and trading.
Hi, great indictor, could you please add the option to select a time frame for the indicator for e.g. 4 hour time frame, we can discuss further, thanks.I love the indicator, would be great if you can add it asap, I'll leave some coins, thanks
torshovgtr
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Thanks. Greate for learning.
coenw
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Very interesting concept. Thank you.
Would it be possible to use the ATR as the basis. If the bar is larger than eg 1,5 times the ATR a dot could be placed below the bar (bullish bar) or above the bar (bearish bar.
Would appreciate your thoughts on this. Thanks.
DinnerwithCandles
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Simple but useful I like it! Thanks for sharing.
gleefulBoa86272
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Look's really interesting thank you
ae2326
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@gleefulBoa86272, Thank you for your feedback. Please feel free to apply the indicator to try it out. It's simple but effective.