Heikin-Ashi Candles Colored by the RSI 50 Threshold

Summary

This indicator combines Heikin-Ashi candles with a 14-period RSI. It colors the candles according to whether RSI is above or below 50, with a neutral color when RSI equals 50. The threshold is presented as a marker for a shift in the balance between buyers and sellers, while the RSI period can be changed.

The document describes the color shift as occurring later than a conventional Heikin-Ashi color change, but offers no performance data or trading rules for entries, exits, or risk controls. It is therefore a charting aid for viewing price structure alongside RSI direction, rather than a tested standalone strategy. Its usefulness depends on how a trader interprets the lagging threshold and validates it across instruments and timeframes.

Key ideas

• The indicator displays Heikin-Ashi candles and colors them based on RSI relative to 50.
• Its default RSI period is 14, and the period can be adjusted.
• RSI above 50, below 50, and equal to 50 receive distinct candle colors.
• The author notes that color changes can lag Heikin-Ashi changes, and provides no test results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.