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Published:

2016.10.10 15:41

Updated:

2016.11.22 07:32

MFIdivCandle.mq5 (6.37 KB) view

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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

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

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MFIdivCandle - indicator for MetaTrader 5