MetaTrader 5 β€£ MT5 Indicators β€£ Rainbow_Volume – indicator MetaTrader 5

Rainbow_Volume – indicator MetaTrader 5

The indicator displays a colored tick-volum histogram by five criteria:

  1. Increase in volume and grwoing price (default color is green);
  2. Decrease in volume and falling price (default color is sky blue);
  3. Increase in volume and falling price (default color is red);
  4. Decrease in volume and growing price (default color is golden);
  5. 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.


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