Engineering Alpha

Engineering Alpha

Modern Market Patterns Unlocked - The Faraway Island

Modern Market Patterns for Diversified Analyses

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Jun 03, 2025
∙ Paid

The Candlestick RSI applies the RSI not to price closes as is traditional, but to each component of a candlestick—open, high, low, and close—and then reconstructs a synthetic candlestick from these RSI-transformed values. It blends the concept of momentum (via RSI) with price action (via candlestick structure).

This article presents this indicator, but a…

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