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2016.10.10 15:41
Indicators

MFIdivCandle - indicator for MetaTrader 5

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854
Rating:
votes: 13

Real author:

RickD

The MFIdivCandle indicator. Colors the candles based on the MFI oscillator:

  • Teal — MFI is in the overbought area;
  • Pale green — MFI is above the 50 level and outside the overbought and oversold areas;
  • Light pink — MFI is below the 50 level and outside the overbought and oversold areas;
  • Deep pink — MFI is in the oversold area.

Fig.1. The MFIdivCandle indicator

Fig.1. The MFIdivCandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16043

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