RSIdivCandle - indicator for MetaTrader 5

Real author:

RickD

The RSIdivCandle indicator. Colors the candles based on the RSI oscillator:

• Blue — RSI is in the overbought area;
• Dodger blue — RSI is above the 50 level and outside the overbought and oversold areas;
• Purple — RSI is below the 50 level and outside the overbought and oversold areas;
• Red — RSI is in the oversold area.

Fig.1. The RSIdivCandle indicator