RSICandle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The RSI indicator is implemented in the form of a candlestick sequence. Candlestick charts are the result of the RSI algorithm processing related price time series. In many cases, this approach can provide more information for analysis.
Figure 1. RSICandle indicator
Attachment download
📎rsicandle.mq5 (6.94 KB)
Source: MQL5 #1732
RSICandle - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
RSICandle - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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