Forex William 36 Histogram Waller Indicator

Forex William 36 Histogram Waller Indicator:

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.

Test results:

Forex William 36 Histogram Waller Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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