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Universal_oscillator.mq5 (10.2 KB) view

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This oscillator is based on RSI with coloured overbought and oversold areas. The color scheme can be modified in the settings.

Input parameters:

the period for calculation of the oscillator
applied price (standard set of 22 types)
the upper and lower boundaries
moment for color's change (on slope change, on outer levels cross, or on the middle line cross)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16507

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UniOscillator - indicator for MetaTrader 5