SMU RSI Candles — Indicator by stockmarketupdate

This script creates a RSI in a candle format so you can see the RSI Change in a candle format and compare it with the actual price candle. When Price goes into RSI zone you can see the shape of all price values (open, high, low, close) in RSI format

This is a variation to ROC candles where you can see the RSI change in a candle format. Change the RSI to any other indicator and you can see Candle version of the all popular indicators. MOV, Stoch etc.

Enjoy

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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