RVI Bar Chart - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator changes the color of the bars to the color corresponding to the current trend, which is determined using the RVI indicator ( Relative Vigor Index ).
If the trend and candlestick directions match, the color of the bar is light, if they are opposite, the bar is dark.
Figure 1. RVI_BARS indicator
Attachment download
📎 rvi_bars.mq5 (6.16 KB)
Source: MQL5 #2071
RVI bar chart - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
RVI bar chart - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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