This is candle visualization of regular RSI. That's all.
I have seen two other RSI candles, but their implementation is not correct. The high on RSI usually matches the low on price and vice versa. I have completely turned off the wicks so you can safely use this indicator as a replacement for regular RSI.
I have seen two other RSI candles, but their implementation is not correct. The high on RSI usually matches the low on price and vice versa. I have completely turned off the wicks so you can safely use this indicator as a replacement for regular RSI.
Release Notes:
added a band as requested by my friend
Release Notes:
- Added dynamic inner band that can be used during sideways periods
- Implemented the True RSI fix explained here
- Implemented the True RSI fix explained here
Release Notes:
- added standard deviation inner band calculation method
Release Notes:
- minor code optimization