Real author:

RickD

The StochCandles indicator. Colors the candles based on the Stochastic:

• Lime — Stochastic is in the overbought area;
• Teal — Stochastic is above the Signal line and outside the overbought and oversold areas;
• Purple — Stochastic is below the Signal line and outside the overbought and oversold areas;
• Magenta — Stochastic is in the oversold area.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 09.11.2008.

Fig.1. The StodivCandle indicator