Daily News
Logo
Indicators
Markets
About Us
×
English Icon English
Log In
Cart Icon0
NinjaTrader
NinjaTrader
ThinkOrSwim
ThinkOrSwim
×
Logo
Cart Icon0
Log In
Cart Icon0
×
English Icon English
NinjaTrader
NinjaTrader
ThinkOrSwim
ThinkOrSwim
HOME > Indicators > NinjaTrader > Colored RSI

Colored RSI

Indicators , NinjaTrader

The Colored RSI Indicator for NinjaTrader is a powerful improvement of the traditional Relative Strength Index (RSI), adding a color-coded visual aspect that makes it easier to identify overbought and oversold levels. Designed specifically for NinjaTrader, it simplifies RSI analysis, offering traders a clear and actionable visual representation of momentum shifts.

Why RSI is Crucial for All Traders

The RSI is a widely-used momentum oscillator that measures the speed and change of price movements. It helps traders identify overbought and oversold market conditions, crucial for anticipating potential reversals and managing entry/exit strategies. Understanding RSI allows traders to gauge whether the market is trending too far in one direction, making it essential for risk management and maximizing profit.

Psychological Component and Market Analysis

RSI levels often have a psychological impact on traders. The commonly used thresholds (typically 70 for overbought and 30 for oversold) can signal turning points. As traders act upon these signals, they often contribute to shifts in market sentiment. These levels, therefore, not only serve as technical markers but also reflect the collective behavior of the market participants.

Key Features of the Colored RSI Indicator for NT8

  1. Color coded RSI line: the Colored RSI provides a distinct visual cue by changing colors when entering overbought (red) or oversold (blue) zones. This feature helps traders instantly recognize significant RSI levels.
  2. Customizable overbought / oversold thresholds: traders can adjust the thresholds for overbought and oversold levels according to their individual trading preferences or specific market conditions.
  3. RSI calculation and momentum analysis: based on the standard RSI calculation, this indicator tracks the relative strength and momentum of price changes. The added color layer emphasizes key zones, helping traders visually assess if the market's momentum is weakening or strengthening.
  4. Adjustable lookback period: the indicator offers an adjustable lookback period, providing flexibility to set the RSI calculation over longer or shorter periods. This is helpful for adapting to different timeframes — whether day trading or long-term trend analysis.
  5. Alerts for key levels: immediate cues are provided when RSI crosses critical levels. This feature is extremely beneficial during periods of rapid price movement, offering clear insights without requiring traders to constantly check the RSI manually.

Optimizing Trading with Colored RSI Indicator for NT8

The Colored RSI Indicator for NinjaTrader is an effective tool for visualizing market momentum and price reversals. By integrating clear color-coded signals, traders can more easily interpret market conditions, making it suitable for both new and experienced traders aiming to refine their analysis techniques. Whether for day trading or swing trading, our premium custom made Colored RSI Indicator for NT8 improves traditional RSI analysis with an intuitive and visually engaging layer, ensuring traders don’t miss critical signals during active market sessions.

Get the Colored RSI Indicator for NinjaTrader now to transform your chart analysis! Download today and find why it’s better than common RSI. Only on MyIndicators for Ninjatrader.

Colored RSI

Buy Now for only

25.00 USD

Similar Products

1
2
100

FREQUENTLY ASKED

Questions

Who are we?
My indicators is born as an idea from passionate people that love the market. We are a young team that creates indicators to make trading more productive and efficient. We are 100% Swiss based. Discover our vast collection of indicators and become part of the future of trading.
What do we offer?
We offer a wide range of market indicators designed to improve your trading efficiency and insights into market trends.
How can you join us?
Joining us is easy! Visit our website and sign up to get access to exclusive market insights and indicators.
How much does it cost?
Creating a reliable indicator takes time, that’s why every indicator comes with a particular price. We make indicators for NinjaTrader, MT4, MT5 and TradeStation. If you can’t find your platform, don’t worry, we are probably working on it.

This website uses cookies to enhance your browsing experience. By continuing to use our website, you agree to our Privacy Policy

Necessary cookies help make a website usable by enabling basic functions such as page navigation and access to protected areas of the site.

  • Necessary cookies

    .AspNet.Consent

    Indicates whether the user has consented to the use of necessary cookies.

    Maximum storage duration: 1 year | Type:Necessary cookies
    .AspNetCore.Antiforgery

    Used to prevent CSRF attacks and protect user data.

    Maximum storage duration: Session | Type: Necessary cookies
    .AspNetCore.Cookies

    Used to manage authentication information and the user's session.

    Maximum storage duration: 1 year | Type: Necessary cookies
    .AspNetCore.Culture

    Used to store user's language preferences.

    Maximum storage duration: 1 year | Type: Necessary cookies
    __Secure-OSID

    Security cookie set by Google to authenticate users and prevent fraudulent use of login credentials.

    Maximum storage duration: 6 months | Type: Necessary cookies
    __Host-3PLSID

    Ensures you stay connected to your Google accounts across various services.

    Maximum storage duration: 2 years | Type: Necessary cookies
    AEC

    Used to verify your Google account and ensure that requests in sessions come from you.

    Maximum storage duration: 6 months | Type: Necessary cookies
    HSID

    Security cookie used by Google to authenticate users and prevent fraudulent use of login credentials, protecting user data.

    Maximum storage duration: 2 years | Type: Necessary cookies
    SEARCH_SAMESITE

    This cookie prevents the browser from sending the cookie along with cross-site requests, helping to mitigate the risk of cross-origin information leakage.

    Maximum storage duration: 6 months | Type: Necessary cookies
    SID

    Important for Google's security and to ensure that Google can authenticate the account and block fraudulent access attempts.

    Maximum storage duration: 2 years | Type: Necessary cookies
    SIDCC

    Security cookie to protect user data from unauthorized access.

    Maximum storage duration: 1 year | Type: Necessary cookies
    __Host-1PLSID, __Host-3PLSID

    Crucial cookies to ensure that you remain securely logged into your Google accounts while accessing various Google services.

    Maximum storage duration: 2 years | Type: Necessary cookies

Functional cookies allow the website to provide enhanced functionality and personalization. They may be set by the website owner or by third parties whose services have been added to the pages.

  • Functional Cookies

    LSOLH

    Used by Google to store session information and enhance the user's experience on Google services.

    Maximum storage duration: Session | Type: Functional Cookies
    COMPASS

    Used by Google to improve user navigation by remembering preferences and information, such as preferred language.

    Maximum storage duration: 6 months | Type: Functional Cookies
    ACCOUNT_CHOOSER

    Remembers which accounts have been used to log into Google services on the device.

    Maximum storage duration: 1 year | Type: Functional Cookies
    APISID

    Used by Google to store user preferences and information when viewing pages with Google maps.

    Maximum storage duration: 2 years | Type: Functional Cookies
    LSID

    Used by Google to store user preferences while viewing pages that incorporate Google services.

    Maximum storage duration: 2 years | Type: Functional Cookies
    NID

    Used by Google to remember user preferences, such as preferred language, to provide a more personalized experience.

    Maximum storage duration: 6 months | Type: Functional Cookies
    SAPISID

    Used by Google to collect information about visitors for videos hosted on YouTube or maps integrated with Google Maps.

    Maximum storage duration: 2 years | Type: Functional Cookies
    __Host-GAPS

    Used by Google to store user preferences and information when pages containing maps or Google services are viewed.

    Maximum storage duration: 2 years | Type: Functional Cookies

Statistical cookies help website owners understand how visitors interact with the site by collecting and transmitting information anonymously.

  • Statistical Cookies

    CLID

    Unique identifier used to track user interactions and maintain unique sessions.

    Maximum storage duration: 1 year | Type: Statistical Cookies
    MR

    Microsoft cookie that collects data on user interactions to improve services..

    Maximum storage duration: 7 days | Type: Statistical Cookies
    SM

    Used by the Microsoft Clarity analytics suite to maintain the user's session.

    Maximum storage duration: Session | Type: Statistical Cookies

Marketing cookies are used to track visitors on websites. The intent is to display relevant and engaging ads for the individual user.

  • Marketing cookies

    AID

    Used by Google to link your activity across devices if you have logged in with the same Google account.

    Maximum storage duration: 1 year | Type: Marketing cookies
    ANONCHK

    Used by Microsoft Advertising to check the anonymity of data sent by tracking cookies.

    Maximum storage duration: 10 minutes | Type: Marketing cookies
    MUID

    Microsoft cookie used to track user interactions across Microsoft domains.

    Maximum storage duration: 13 months | Type: Marketing cookies
    __Secure-3PSID, __Secure-3PAPISID, __Secure-3PSIDTS, __Secure-3PSIDCC

    Google cookies designed to build a profile of your preferences and show you relevant ads on other sites, protecting the Google account.

    Maximum storage duration: 2 years | Type: Marketing cookies
    ADS_VISITOR_ID

    Used by Google to identify and track visitors across various websites to display personalized advertising.

    Maximum storage duration: 2 years | Type: Marketing cookies
    OTZ

    Used by Google to personalize ads on Google properties, like Google Search.

    Maximum storage duration: 1 month | Type: Marketing cookies
    __Secure-1PAPISID, __Secure-1PSID

    Used by Google to deliver more relevant ads and protect the security of your preferences and Google account information.

    Maximum storage duration: 2 years | Type: Marketing cookies

Cookies are small text files that can be used by websites to make the user's experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies, we need your permission. This means that cookies classified as necessary are processed under Article 6(1)(f) of the GDPR. All other cookies, namely those belonging to the categories of preferences and marketing, are processed under Article 6(1)(a) of the GDPR.

This site uses different types of cookies. Some cookies are placed by third-party services that appear on our pages.

You can change or revoke your consent at any time from the Cookie Statement on our website.

Learn more about who we are, how you can contact us, and how we process personal data in our Privacy Policy.

Specify your consent ID and the date you contacted us regarding your consent.

Privacy