A trend indicator drawn in the form of a colored histogram.
There are four color histogram display options depending on the values of the input parameters:
input color UpLevelsColor=clrBlue; // The color of the overbought level input color DnLevelsColor=clrBlue; // The color of the oversold level
- Above the overbought level – pink;
- Above zero but below the overbought level – brown;
- Below zero, but above the oversold levels – green;
- Below the oversold level – lime.
Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 07.11.2007.
Figure 1. Indicator William36HistogramWaller
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