A trend indicator drawn in the form of a colored histogram.
There are four color histogram display options depending on the values of the input parameters:
input color UpLevelsColor=clrBlue; // The color of the overbought level input color DnLevelsColor=clrBlue; // The color of the oversold level
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 07.11.2007.
Figure 1. Indicator William36HistogramWaller
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2032
Indicator UltraWPR with the timeframe selection option available in input parameters.TSD_PP_MACD_FORCE_Ind_v1
A trend indicator with three states. During strong trends it colors bars in red or green depending on trend direction.