Showcase:
RSI Indicator - this indicator is an advanced yet clean implementation of the classic Relative Strength Index (RSI) oscillator for the cTrader platform. It has been developed in strict accordance with the original indicator from TradingView (based on their official specification).
Thanks to the use of the RMA (Running Moving Average) smoothing model, this indicator behaves and plots exactly like its TradingView counterpart. We have also ensured a fully matching visual experience.
Main features and functions:
- 100% TradingView Compatibility: The algorithm uses the exact same calculation logic as the original TV indicator (based on the RMA formula).
- Stunning Visual Design (Dynamic Gradients): An innovative 30-level color shading system is applied. The higher the RSI moves into the overbought zone (above 70), the more intense the red background becomes. The lower it drops into the oversold zone (below 30), the deeper the green becomes. The middle range retains the classic purple tone.
- Built-in Moving Average (MA): As in the latest TV versions, you can enable a moving average line (e.g., SMA) that smooths the RSI line and helps identify trends within the oscillator itself.
- Automatic Divergence Detection: The indicator can automatically scan the chart for regular divergences. When it detects a mismatch between price and RSI trend strength, it draws lines and markers (Bullish: green, Bearish: red) directly in the indicator window.
- Powerful Alert System (Pop-up & Sound): Stay up to date at all times. The indicator will notify you when:
- RSI exits the overbought/oversold zones (generating classic buy/sell signals),
- The RSI line crosses the MA line deep within these zones,
- A new divergence is detected.
Who is this indicator for?
If you are used to analyzing RSI on TradingView, are looking for perfectly matching signals in cTrader, and value a clean, visually appealing design (without manually tweaking colors), this indicator is an ideal solution.
Simple to use, precise in operation, and faithful to the original!
cGuru