Jimmy wrote: Mon Nov 13, 2017 4:00 pm As posted here by Mntiwana earlier this year, this is Mladen's RSI candles indicator. The previous version posted would not display on my MT4 anymore so I thought I would share the latest working version here.

It has to be one of my favorite versions of the RSI indicator as it really gives you an additional perspective of what price is doing and where it's going. A must-have for the "reversal" traders out there.

Tip: For the trend traders, add a 50 line to the indicator. If the RSI candles are above the 50 line we're in bullish territory and if the RSI candles are below the 50 line the market is bearish.
Also try drawing trendlines directly onto the oscillator for added confluence.

Thanks Mladen.


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