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2017.01.19 16:51
Indicators

MFI_Histogram_Round - indicator for MetaTrader 5

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votes: 11

Standard MFI oscillator implemented as a histogram rounding its values to the standard range:

  • 1 — no rounding;
  • 2 — all values from 0 to 100 divided by 2;
  • 5 — all values from 0 to 100 divided by 5;
  • 10 — all values from 0 to 100 divided by 10;
  • 20 — all values from 0 to 100 divided by 20;
  • 50 — 0, 50, 100.

For all MFI values less than 50, rounding occurs to the lower side, while for all RSI values exceeding 50 — to the greater one.

The following input is used for rounding in the indicator:

input ENAM_ROUND_MODE Round=X5; // rounding level

Fig.1. MFI_Histogram_Round indicator

Fig.1. MFI_Histogram_Round indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16693

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