Real author:

RickD

The MFIdivCandle indicator. Colors the candles based on the MFI oscillator:

• Teal — MFI is in the overbought area;
• Pale green — MFI is above the 50 level and outside the overbought and oversold areas;
• Light pink — MFI is below the 50 level and outside the overbought and oversold areas;
• Deep pink — MFI is in the oversold area.

Fig.1. The MFIdivCandle indicator