RSI Trend V4.00:
Big Major Updates:
1-Added an integrated Fibonacci indicator with dynamically powerful and effective trend arrows.
2-Added key Fibonacci zones, highlighted with green rectangles as potential trend areas.
3-Rectangle colors change from green to gray after confirming a breakout, specifically for Fibonacci levels 61.8 and 50, as well as levels 138.2 and 161.8.
4-Added options to display areas of “touch, breakout, or retest” for the level 30 line.
5-Updated colored rectangles for breakouts above level 35 and below level 25.
“RSI Trend” indicator is practical and useful. I prefer using it alongside “Suleiman Levels” indicator, especially for confirming and matching the colored cloud of “Suleiman Levels”.
Accumulation Trend, like my previous indicators, is fundamentally based on a radically modified RSI. It is quite similar to a previous indicator, RSI Scalping Accumulation, but the current version focuses more on the overall trend with a different cloud structure and lower resource consumption on MT5, along with additional unique features and calculations. For this reason, it wasn’t just an update of the previous indicator but a completely new release.
Thick blue line → Uptrend
Thick yellow line → Downtrend
then, Green cloud above the thick green line
Red cloud below the thick yellow line
As I mentioned earlier, the thick lines and the cloud should be compared with “Suleiman Levels” indicator and its cloud to achieve a certain alignment.
Wishing everyone success and profitable trading