The indicator changes color of bars in a separate window. It is changed to the color of the current trend calculated based on the RSI technical indicator.
If the trend and candlestick direction match, the color of the bar is light, if opposite, the bar is dark.
Trend strength is determined by the presence of the RSI indicator in overbought or oversold areas whose levels are determined by the indicator input parameters:
inputuint  HighLevel=55;   // Overbought levelinputuint  LowLevel=45;    // Oversold level
If the RSI is outside these areas, the bar is painted in light gray.
MetaCOT 2 CFTC ToolBox (Set of Indicators) MT4 -… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
MQL5 Wizard - Trade Signals Based on Bullish… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…
