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Indicators

ColorXMFI_Histogram - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

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3090
Rating:
votes: 19
Published:
2017.03.22 16:12
\MQL5\Include\

The smoothed Money Flow Index oscillator with the color indication of overbought/oversold level breakouts and of the histogram direction. Depending on the value of the indicator's input parameter:

input ENUM_COLOR_MODE Mode=ENUM_LEVELS; //Breakout indication method

There are two variants of histogram coloring:

  1. Breakout of overbought/oversold levels;
  2. Change of direction.

For better histogram readability, the indicator is performed in zero relative symmetric form, and its values vary from -50 to +50.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was described in detail in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig1. The ColorXMFI_Histogram indicator

Fig1. The ColorXMFI_Histogram indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17637

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