I have had requests for the TimeFrames to be adjustable so the user can now select any combination of 6 different timeframes, and also a request to show if the RSI line is pointing UP or DOWN.
The colored dots at the base of the Bars show the direction, Red = DOWN Blue = UP & Silver = NEUTRAL

rsi bars.gif rsi bars 2.gif warning.gif


RSI_Bars_M#_v3.ex4

24/10/2007
I have added a warning to the code because if you attempt to shift the indicator up too high the top level of bars disappears as per the supplied screenshot.