RSI Divergence Candles Indicator
Platform: MT5 Type: Momentum Last update: September 22, 2024The RSI Divergence Candles Indicator for MT5 is a momentum oscillator that measures the speed and change of price movements. The signals are shown in the form of candles that are colored differently in a manner that gives traders plenty of information about market trends and their directions.
The foundation for that indicator is the Relative Strength Index (RSI) and its divergences. Using the RSI Divergence Candles is pretty easy and self-explanatory. Open long trade when the candles turn medium sea green. Similarly, open short trade when the candles turn orange-red.
