Candle/RSI BUY SELL

Why Use Candlesticks?
They help traders visualize price action
Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer)
Assist in determining entry and exit points

Why Traders Use RSI:
To identify potential reversal zones
To confirm trend strength
To detect divergences between price and momentum

Why Combine Candlestick Patterns with RSI?
Using Candlestick patterns together with the Relative Strength Index (RSI) enhances trading decisions by combining price action and momentum analysis.

Conclusion:
Combining RSI with Candlestick patterns allows traders to:
Confirm potential reversals
Filter false signals
Improve entry and exit timing
Make more confident and accurate decisions

How It Works:
RSI Calculation
Custom RSI is calculated manually using Wilder's smoothing technique.
MA or BB Option
User can select whether to apply a smoothing MA or Bollinger Bands to RSI (useful for visual enhancements or custom strategies).
Buy/Sell Logic
check for:
Buy when the current candle is bullish (open <= close) and the previous candle was bearish (open[1] >= close[1]), AND RSI is ≥ 50.
Sell when current candle is bearish and previous was bullish, AND RSI is ≤ 50.
Plot Buy/Sell Labels

Final Verdict
code is:
Valid (no syntax errors)
Useful (combines candlestick confirmation + RSI strength)
Extendable (can add divergence, alerts, etc.)

This Timeframe 5 min : XAU