RSI Divergence Candle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
I found this idea online. It was originally started by someone using the username " Ricardo Santos " on another trading platform forum. I like the idea and the indicator is ported as is ("No further explanation" by Ricardo Santos either, so there's no more information here, but I think it's self-explanatory when you attach it to a chart)
You can use color changes as signals
PS: One more "big picture" example
Attachment download
📎 rsi_divergence_candles.mq5 (11.66 KB)
Source: MQL5 #23375
RSI Divergence Candle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
RSI Divergence Candle - 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 only on titles or short-term profit descriptions.
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