As shared by Mladen Rakic, the RSI Candles indicator combines four key RSI values—RSI of High, Low, Open, and Close—displayed in a candle format.
This innovative approach uses minimal resources while leveraging the standard iRSI function in MT5 to compute RSI values efficiently.
What's great about this tool is its versatility; it can be applied across any timeframe and any forex pair, making it a fantastic addition to your trading arsenal.
- Flexible Usage: Works with any forex pair.
- Resource Efficient: Minimal impact on system performance.
- User-Friendly: Easy to integrate into your trading strategy.
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