This script creates a RSI in a candle format so you can see the RSI Change in a candle format and compare it with the actual price candle. When Price goes into RSI zone you can see the shape of all price values (open, high, low, close) in RSI format
This is a variation to ROC candles where you can see the RSI change in a candle format. Change the RSI to any other indicator and you can see Candle version of the all popular indicators. MOV, Stoch etc.
RSI candles are very interesting. Change the time period to monthly or shorter and you will see what candle formation in overbought lead to sell 0off. It has much more potential to go the next level