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MACD, RSI & Stochastic Price Overlay

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MACD, RSI & Stochastic Price Overlay

Postby Apprentice » Tue Nov 22, 2016 4:30 pm

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LUA Original: viewtopic.php?f=17&t=2006 and viewtopic.php?f=17&t=2438

Description:

MACD Overlay will color the candles bullish or bearish depending on 3 available modes:

1) Compare MACD Main and Signal Lines
2) MACD above or below Zero Line
3) Compare Current MACD value with Previous MACD value

RSI Overlay will color the candles bullish, bearish or neutral depending on 3 available modes:

1) RSI Above or Below 50 Line
2) Compare Current RSI value with Previous RSI value
3) RSI Above Overbought Level or Below Oversold Level

Stochastics Overlay will color the candles bullish, bearish or neutral depending on 4 available modes:

1) Compare Stochastic Main and Signal Lines
2) Stochastic Above or Below 50 Line
3) Compare Current Stochastic Value with Previous Stochastic value
4) Stochastic Above Overbought Level or Below Oversold Level

A combination of other conditions with more than one indicator can be made for a future task, including alerts when certain scenario occures, so the option is open for future development

RSI_Overlay.mq4
(3.98 KiB) Downloaded 84 times

Stochastics_Overlay.mq4
(4.61 KiB) Downloaded 84 times

MACD_Overlay.mq4
(4.14 KiB) Downloaded 97 times
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Apprentice
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