The indicator changes the bar color to the color of the current trend calculated based on the ADX technical indicator. If the trend and candlestick direction match, the color of the bar is light, if opposite, the bar is dark.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 31.10.2007.
Figure 1. Indicator ADX_BARS
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2070
The Fish indicator with the timeframe selection option available in input parameters.Fish
A version of the Fisher Transform indicator implemented in the form of a color histogram.