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    Thread: Colored RSI with alert indicator

    1. #51
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      colored RSI is a good indicator and give a signal for the trader by changing of the color of the indicator and this can help the trader to trade better because changing of the color means that the trader should be ready for the next signal of trading and so the trader can find better signals with this indicator better than the original one.


    2. #52
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      Quote Originally Posted by fantastic     
      for all traders use Rsi indicator , here the indicator is colored and alert you when overbought or oversell occured .
      also you can show arrows from setting as shown in attached picture
      RSI is n important indicator almost every senior trader use this indicator, its better if we make him color full that help us to ensure over bought or over sold, thanks for sharing such useful indicator ill use it instead of normal one


    3. #53
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      Trading with RSI indicator uses color will give us the ease to analyze quickly. Sometimes an indicator of RSI indicator is indeed the most powerful signal that the market experienced a point of saturation and start switch on a trend that will continue. I initially had difficulty in using indicators RSI but gradually I can easily analyze with a fairly short period of time. to use existing RSI indicator colour we can easily learn it from this forum.


    4. #54
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      please can someone rewrite this rsi mtf indicator to MT5 language? please


      thankss


    5. #55
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      Look good with image but my queation is this working on choppy market condition or not because i use lot of indicator but non of them are work in choppy and volitile market situation i try your indicator also hope this will help me


    6. #56
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      There were two signs of EURUSD dropping since yesterday:
      1. A bearish pattern with Fibonacci 100
      2. Down pattern with price channel




      .

      ---------- Post added at 09:50 AM ---------- Previous post was at 09:46 AM ----------

      Thank you very much for the indicator
      It's really a wonderful indicator


    7. #57
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      Generally i dont like rsi indicator because i dont belive in oversold and overbought condition its just bluff made by market makers so the people when they see oversold conditions they buy heavily and the market makers turn the market against them to suck their money


    8. #58
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      Quote Originally Posted by fantastic     
      for all traders use Rsi indicator , here the indicator is colored and alert you when overbought or oversell occured .
      also you can show arrows from setting as shown in attached picture
      i liked the coloured rsi indicator which enhances visibility and the trend can also be indicated easily. the alert is also provided to indicate oversold and overbought easily. thanks bro..


    9. #59
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      This is an updated [mtf]rsi color indicator which has arrows and alerts when exiting and entering overbought and oversold zones also has an option to display a colored no trade/or some prefer to call trade zone. Also it is capable of multi symbol, meaning you can show another currency pair other than the pair your chart is attached to.
      Attached Images  
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    10. #60
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      thanks a lot for this good sharing,


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