ColorMFI_X20 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

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Twenty MFI indicators are displayed in one window. Each line can be colored based on its position relative to overbought and oversold areas. When launching the indicator, you can only change the style and color of the first indicator line, while the remaining indicator lines will have a similar appearance.

 //+------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------+
Enter unit to start MFIP period = 5 ; // Initial period
Input unit step = 1 ; // cycle step size
input ENUM_APPLIED_VOLUME volume type = volume_scale ; // volume
Input unit High level = 60 ; // Overbought level
Input unit mid level = 50 ; // mid level
Input unit low level = 40 ; // oversold level

Figure 1. ColorMFI_X20 indicator

Attachment download

📎 colormfi_x20.mq5 (17.55 KB)

Source: MQL5 #23280