Why use RSI Candles instead of a normal RSI? Because it removes screen clutter, and it also allows you to clearly see what level of overbought/oversold the candle is really at. Sometimes, it is hard to tell that a candle is overbought/oversold or very overbought/sold when it is exactly at 70 or 80. (as shown by arrows, scroll left on chart)
Original RSI Candles support two bar colors, for overbought(70) and oversold(30).
This new version supports four bar colors, for overbought(70) and oversold(30), very overbought(80) and very oversold(20).
Message me if you want access.
Original RSI Candles support two bar colors, for overbought(70) and oversold(30).
This new version supports four bar colors, for overbought(70) and oversold(30), very overbought(80) and very oversold(20).
Message me if you want access.