ColorMFI_X20 is a powerful indicator designed for MetaTrader 5 that helps traders identify overbought and oversold conditions with ease. With its adjustable background filling, you can customize the size and position to suit your trading style.
inputuint HighLevelM=80; // Maximum overbought levelinputuint HighLevel=60 // Overbought levelinputuint MidLevel=50 // Middle levelinputuint LowLevel=40 // Oversold levelinputuint LowLevelM=20 // Minimum overbought level
When you fire up the ColorMFI_X20 indicator, you’ll find that you can easily tweak the style and color of the first indicator line in the indicator inputs color tab. The rest of the lines will follow suit, giving you a cohesive look on your charts.
Fig.1. The ColorMFI_X20_Cloud indicator
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