Modern Market Patterns Unlocked - The Faraway Island

Modern Market Patterns for Diversified Analyses

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…