Author: Ivan Kornilov
The ColorMFI_X20 indicator packs twenty MFI indicators into a single window, giving you a comprehensive view of market dynamics. Each line can be customized with colors based on its position relative to overbought and oversold zones, making it easier to identify potential trading opportunities. When you set up the indicator, you can tweak the style and color for the first line, while the rest will follow suit, creating a cohesive look.
//+-----------------------------------+//| Indicator input parameters |//+-----------------------------------+inputuint StartMFIPeriod=5; // initial periodinputuint step = 1; // period stepinputENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // volume inputuint HighLevel=60 // overbought levelinputuint MidLevel=50 // middle levelinputuint LowLevel=40 // oversold level
Fig.1. The ColorMFI_X20 indicator
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