RSI Candles Smoothed Indicator MT5
Platform: MT5 Type: Trend Last update: December 10, 2025The RSI Candles Smoothed Indicator for MT5 is a combination of four RSI values (RSI of High, Low, Open and Close) displayed as candles in a sub-window below the main trading chart.
This version has an additional options to enable prices pre-smoothing prior to be used in a calculation, which makes it an RSI-of-MA combination. To avoid prices pre-smoothing, use a smoothing period that is less than or equal to 1.
Example chart:
How to use the RSI Candles Smoothed Indicator for MetaTrader 5?
The key reference point of the indicator is the 50 level of the RSI. Based on whether the RSI is above or below this level, the candles are color-coded accordingly.
When the RSI rises above 50, it indicates a bullish bias and the candles appear blue. Conversely, when the RSI falls below 50, it signals a bearish sentiment and the candles turn red.
Since this MetaTrader 5 indicator performs analysis of specifc, single dimension – it’s a good idea to combine it with other technical analysis tools. It’s better to use as confirmator then a trade signal provider.
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