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RSI Candles (MT5) — review, price and free alternatives
MT5 indicatorfree on MQL5by Ross Mcharg
RSI Candles is a free MetaTrader 5 indicator by Ross Mcharg on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
RSI Candles — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Ross Mcharg
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded RSI Candles on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
RSI Candles: The Ultimate RSI Transformation RSI Candles reimagines the classic Relative Strength Index by transforming the standard single-line oscillator into a fully functional Candlestick Sub-window.
Before you use RSI Candles
What the developer claims
- By calculating RSI for the Open, High, Low, and Close of every bar, this indicator allows traders to apply Price Action analysis directly to momentum.
- See the Price Action of RSI with integrated trend and volatility overlays.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on RSI Candles
Compiled from its public MQL5 listing. FxRobotEasy has not traded RSI Candles; what these notes say about how it works comes from that listing.
Overview
RSI Candles by Ross Mcharg represents a comprehensive automated trading solution for MT5 traders. What sets RSI Candles apart is its balanced approach to trade execution and capital preservation.
Risk notes
RSI Candles implements a moderate risk profile with configurable parameters for different trading styles. The system uses stop losses on all positions and employs dynamic position sizing based on account equity. Recommended minimum account size ensures proper risk distribution.
Listed strengths
- MT5 platform compatibility
- Developed by experienced Ross Mcharg
- Includes risk management features
Worth checking
- Requires adequate account capital
- Not suitable for all market conditions
- Needs proper configuration
Setup
Installing RSI Candles on MT5 requires copying the EA file to your platform's Experts directory. After restart, attach to appropriate charts and configure risk parameters. Always backtest with historical data before live deployment.
Free to try · from FxRobotEasy
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Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Trendopedia AIby FxRobotEasy
Our trend-following robot for the major FX pairs
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Trendopedia AIIt starts on a free demo account: virtual money, every trade visible.
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The team's notes, every day
- What we ship, what breaks and how we fix it
- Trendopedia AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
RSI Candles or Trendopedia AI?
| RSI Candles | Trendopedia AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ross Mcharg | FxRobotEasy |
RSI Candles — questions
What is RSI Candles?
RSI Candles is a MetaTrader 5 indicator published on the MQL5 Market by Ross Mcharg, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
Does RSI Candles work on MT4 or MT5?
RSI Candles runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
Is RSI Candles free to download?
Yes -- RSI Candles is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-03-16. The file is downloaded from the developer's (Ross Mcharg) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for RSI Candles?
FxRobotEasy has not traded RSI Candles on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for RSI Candles elsewhere comes from its developer or from a third party.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.