LUA Original: viewtopic.php?f=17&t=2345
Description:
This indicator will color the candles according to the following conditions.
Positive Zone (green):
RSI (x) > 50
AND
RSI(x) > Moving Average(X) of RSI
Negative Zone (Red):
RSI (x) < 50
AND
RSI(x) < Moving Average(X) of RSI
An additional feature has been added: to select the inverse crossing of the RSI with the MA of that RSI, always at the same side of the 50 line for positive and negative analysis.
An Oscillator of those conditions has been incorporated as well for easier visualization.
RSI_Zone_Trade.mq4- (4.12 KiB) Downloaded 838 times
- RSI_Zone_Trade_Oscillator.mq4
- (2.3 KiB) Downloaded 850 times
