Color RSI Indicator (MQL5) for MT5 FREE DOWNLOAD

The Color RSI Indicator is a powerful technical tool designed for traders using the MetaTrader 5 (MT5) platform. It provides a unique and visually appealing way to analyze the Relative Strength Index (RSI) by representing RSI values with different colors. In this article, we will explore the features, benefits, and how to download the Color RSI Indicator for MT5 for free.


The Relative Strength Index (RSI) is a popular oscillator used by traders to identify overbought and oversold conditions in the market. The Color RSI Indicator takes the RSI analysis to the next level by presenting RSI values in a visually intuitive way. Instead of looking at numerical values, traders can now interpret RSI levels based on color changes, making it easier to spot potential trading opportunities.

Understanding the Color RSI Indicator

The Color RSI Indicator works similarly to the standard RSI. It calculates the RSI values based on the price movement of a selected asset and then represents these values with different colors on the chart. The RSI is usually displayed as a line oscillating between 0 and 100, but with the Color RSI Indicator, traders can see color changes in the line corresponding to various RSI levels.

Key Features of the Color RSI Indicator

The Color RSI Indicator comes with several key features:

  1. Color-Coded RSI: The main feature of the indicator is its color-coded representation of RSI values. Different colors are assigned to specific RSI levels, making it easy for traders to identify potential trade signals.
  2. Customizable Colors: Traders can customize the colors used in the indicator to suit their preferences and trading style.
  3. Overbought and Oversold Levels: The indicator usually highlights overbought and oversold levels with distinct colors, helping traders to identify potential reversal points.

Key Benefits of the Color RSI Indicator

Traders can enjoy numerous benefits when using the Color RSI Indicator:

  1. Visual Intuition: The color-coded RSI makes it easier to understand RSI levels at a glance, providing a more intuitive way to identify potential trading opportunities.
  2. Faster Analysis: Traders can quickly analyze RSI values and identify overbought or oversold conditions without the need to interpret numerical RSI readings.
  3. Enhanced Decision-Making: With clear color changes in the RSI line, traders can make more informed trading decisions based on RSI dynamics and market conditions.

How to Download the Color RSI Indicator for MT5

To download the Color RSI Indicator for MT5, follow these simple steps:

  1. Find a reliable website or marketplace that offers MT5 indicators.
  2. Search for the Color RSI Indicator using the search bar or by browsing the available indicators.
  3. Click on the “Download” or “Free Download” button.
  4. Save the indicator file to your computer.
  5. Launch your MT5 trading platform.
  6. Click on “File” in the top menu and select “Open Data Folder.”
  7. Within the opened folder, find the “MQL5” directory and navigate to the “Indicators” folder.
  8. Copy the downloaded indicator file into the “Indicators” folder.
  9. Close and reopen your MT5 platform.
  10. The Color RSI Indicator should now be available in the “Navigator” window, under the “Indicators” section.


The Color RSI Indicator is an innovative tool that adds a new dimension to RSI analysis with its visually intuitive color-coded representation. Traders can benefit from faster and more informed decision-making by quickly identifying overbought and oversold conditions. Download the Color RSI Indicator for MT5 for free and incorporate it into your trading strategy to experience the advantages of visual intuition and enhance your RSI analysis.

Download indicator

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.