RSI/Stochastic With Real Time Candle Overlay

In the settings, there is an option to switch between standard candlesticks and Heiken Ashi. When Heiken Ashi is selected, the indicator uses the Heiken Ashi close once it updates in real time, producing a smoothed view of intrabar price movement for the oscillator. This can help identify trends in RSI or Stochastic by making it easier to spot subtle changes in direction, though some may prefer the unmodified values that come from using regular candles. The combination of these candle styles with an oscillator’s output offers flexibility for different analytical preferences.
Traders who use RSI or Stochastic often focus on entry and exit signals derived from crossing certain thresholds, but they are usually limited to a single reading per bar. With this tool, it becomes possible to watch how the oscillator’s value evolves within the bar itself, which can be especially useful for shorter timeframes or for those who prefer a more granular look at momentum shifts. The visual separation between bullish and bearish candle bodies within the indicator can highlight sudden reversals or confirm ongoing trends in the oscillator, aiding in more precise decision-making. Because the candle overlay is cleared as soon as the bar closes, the chart remains uncluttered when scrolling through historical data, ensuring that only the necessary real-time candle information is displayed.
Overall, this indicator is intended for users who wish to track intrabar changes in RSI or Stochastic, with the added choice of standard or Heiken Ashi candle representation. The real-time candle overlay clarifies short-lived fluctuations, while the standard line plots maintain the usual clarity of past data. This approach can be beneficial for those who want deeper insights into how oscillator values develop in real time, without permanently altering the simplicity of the chart’s historical view.
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.