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You liked the script? Try it in the MetaTrader 5 terminal
Rainbow_Volume - indicator for MetaTrader 5
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- 4677
- Rating:
- Published:
- 2018.06.18 16:22
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The indicator displays a colored tick-volum histogram by five criteria:
- Increase in volume and grwoing price (default color is green);
- Decrease in volume and falling price (default color is sky blue);
- Increase in volume and falling price (default color is red);
- Decrease in volume and growing price (default color is golden);
- There are no changes in either volume or price (dafault color is pale gray).
The indicator compares the current data with the data as of N periods ago.
It has one input parameter:
- Period - calculation period.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20919
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