RSI Alpha Candles

? RSI Alpha Candles – Advanced RSI Visualization Using OHLC Candlesticks

RSI Alpha Candles is a professional and innovative indicator that displays the Relative Strength Index (RSI) in the form of OHLC candlesticks in a separate window, providing a clearer and more precise view of market momentum and strength.

The indicator calculates RSI values based on Open, High, Low, and Close prices, then converts them into candlesticks that visually represent market strength and weakness instead of the traditional line-based RSI display.

? Key Features:

✔️ RSI displayed as OHLC candlesticks instead of traditional lines
✔️ Automatically highlights key levels: 20 – 30 – 50 – 70 – 80
✔️ Clear visual distinction of bullish and bearish candle behavior
✔️ Works on all timeframes
✔️ Clean and professional visual design for fast analysis

? How to Use:

This indicator helps traders understand momentum strength and market direction in a more visual and intuitive way, making it easier to identify potential entry and exit points for both short-term and medium-term trading strategies.

⚠️ Note:

This is a demo version for testing purposes only.
A premium advanced version is available, offering additional features and enhanced analytical capabilities for a more professional trading experience.

? Premium version link:
https://www.mql5.com/en/market/product/170461?source=Site+Market+My+Products+Page