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
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