This is a super indicator that integrates the RSI indicator with a dual moving average system. RSI intensity is represented by four colors: red (>70) > orange (>50) > yellow (>30) > green. The dual moving averages use EMA with default parameters set at 48/144, which can be customized according to your needs.

How to use:

When used in conjunction with multiple time frames (e.g., 4H→15M; 1H→5M, illustrated here using 4H→15M as an example):

1. Trend identification via dual EMAs (4H timeframe):
2. • Upward trend: 48EMA above 144EMA.
   • Downward trend: 48EMA below 144EMA.
   • Range-bound consolidation: The two EMAs are entangled.
2. Entry/exit points on 15M timeframe:
3. • Buy setup (uptrend):
   • • Price retraces to the 48EMA on the 4H chart.
     • Switch to 15M: Enter when price breaks above the 15M consolidation range.
     • Stop loss: Set at the recent swing high +10 pips .
   • Sell setup (downtrend):
   • • Price retraces to the 48EMA on the 4H chart.
     • Switch to 15M: Enter when price breaks below the 15M consolidation range.
     • Stop loss: Set at the recent swing low –10 pips .
3. Price divergence signals:
4. • Bearish divergence (top):
   • • Price makes a new high (on pullback), but the RSI color shifts from red (RSI >70) to orange (RSI >50) .
   • Bullish divergence (bottom):
   • • Price makes a new low (on pullback), but the RSI color shifts from green (RSI ≤30) to yellow (RSI ≤50) .

Risk Warning:
No indicator suits all market conditions. Test this strategy thoroughly in a demo environment before applying it to live trading. Improper use may lead to significant losses.