William36HistogramWaller - MetaTrader 5 Script - MT4/MT5 Resources
Trend indicator plotted as a colored histogram.
There are four color histogram display options depending on the value of the input parameter:
Input color upper color = clear blue ; // color for overbought levels Input color DnLevels color = clear blue ; // color of oversold levels
- Above overbought levels - pink;
- Above zero but below overbought levels - brown;
- Below zero, but above oversold levels - green;
- Below oversold levels - Lime.
This indicator was originally written in MQL4 and first published in the code base of mql4.com on November 7, 2007.
Figure 1. Indicator William36HistogramWaller
Attachment download
📎 william36histogramwaller.mq5 (7.23 KB)
Source: MQL5 #2032
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