RSI Candlestick Oscillator

RSI Candlestick Oscillator redraws the RSI as candlesticks: a scaling model equates a price range with the oscillator's range, so each bar's OHLC values land in their correct positions relative to the current RSI value. Momentum stops being a single closing-price line: you can see whether an overbought test was a tentative wick probe or a full-bodied break.

Those candle extremes feed divergence detection. Because highs and lows now exist inside the oscillator, regular and hidden divergences stand out plainly, and the tool draws them both in the pane and overlaid on the price chart. A Divergence Filter discards signals that never traverse the RSI's upper or lower limits, keeping attention on the extremes where reversals are worth hunting.

How to Trade the RSI Candlestick Oscillator?

• Wick test of a level: a probe of overbought or oversold territory without body commitment reads as hesitation, not conviction.
• Full-bodied break: an RSI candle body clearing a level is the stronger statement, an interaction a close-only RSI simply cannot show.
• Filtered divergence at an extreme: divergences that survive the filter are the priority reversal candidates, mirrored on price for clarity.
• RSI Channel on the chart: enable it to see where the scaled RSI levels sit against price. Channel and oscillator are the same data at two scales.

RSI Candlestick Oscillator Settings

• RSI Length: lookback for the underlying oscillator.
• Overbought/Oversold Levels: the thresholds the candles are judged against.
• Scale Open for Chart Accuracy: nudges each RSI candle's open to match the chart's open-versus-prior-close relationship.
• Divergence Length: pivot width used for divergence detection.
• Divergence Filter: ignores divergences that stay inside the limits.
• Show on Chart, divergence styles, and RSI Channel toggle/color: display controls for the divergence lines (in the pane and mirrored on price) and the on-chart channel.

Frequently Asked Questions

Which divergence types does it recognize?

Can I verify which RSI settings held up historically?

What does the RSI Candlestick Oscillator cost?