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Published:

2017.01.19 16:51

MFI_Histogram_Round.mq5 (14.92 KB) view

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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

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

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MFI_Histogram_Round - indicator for MetaTrader 5