AXEL RSI colour candles [Insomnia]

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**AXEL RSI candles [Insomnia]**

The "AXEL RSI candles [Insomnia]" indicator is designed to help traders visualize overbought and oversold conditions by coloring candlesticks based on RSI (Relative Strength Index) levels. This indicator uses three customizable levels for both overbought and oversold conditions, providing a more detailed view of market momentum and potential reversal points.

### Key Features

1. **Customizable RSI Levels**:
- The indicator allows users to adjust the length of the RSI period and define three separate levels for overbought (default: 74, 80, and 90) and oversold (default: 30, 25, and 20) conditions.
- These levels help identify different stages of market momentum, with stronger colors indicating deeper levels of overbought or oversold conditions.

2. **Candle Color Coding**:
- Based on RSI levels, the indicator colors the candles to reflect the strength of the overbought or oversold condition:
- Light blue for the first overbought level (74), blue for the second (80), and dark blue for the highest level (90).
- Yellow for the first oversold level (30), orange for the second (25), and black for the deepest level (20).
- This visual representation allows traders to quickly assess the market’s state and make informed decisions based on price momentum.

3. **Real-Time Adaptation**:
- The color of the candles changes in real-time as the RSI value fluctuates, enabling traders to react promptly to shifts in market momentum. This feature is especially useful for identifying potential entry and exit points based on overbought and oversold conditions.

### How to Use

- **Overbought Signals**: When the RSI value enters the first, second, or third overbought level, the candles will turn light blue, blue, or dark blue, respectively. These colors can signal potential reversal zones or areas to watch for weakening momentum.
- **Oversold Signals**: When the RSI value falls into the oversold levels, the candles turn yellow, orange, or black. These colors indicate potential buying opportunities or areas where momentum may shift upward.
- **Customizability**: Users can adjust the RSI length and each of the overbought and oversold thresholds, tailoring the indicator to their preferred settings and trading style.

### Disclaimer
This indicator provides visual assistance in analyzing market momentum, but it should not be solely relied upon for trading decisions. Combining this indicator with additional tools, such as support and resistance levels or trend analysis, can enhance trading accuracy.

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Информация о релизе

The "AXEL RSI candles [Insomnia] with Divergence" indicator is designed to identify potential bullish and bearish divergences on the chart using RSI. This indicator highlights areas where divergences have formed, which may suggest possible trend reversals or areas of interest for further analysis. Bullish divergences are marked with a teal triangle pointing up, and bearish divergences are marked with a red triangle pointing down.

Important Note:
Please keep in mind that these signals are not precise entry or exit points. They simply indicate the presence of a divergence between the price and RSI, which could hint at potential market shifts. It’s recommended to use this indicator in combination with other tools and analysis methods for more reliable trading decisions. Always exercise caution and manage risk appropriately.