This is a mix of RSI 14 (levels 70.30), MFI 14 (levels 60.40), Stoch 14.1.1 (levels 70.30).
The logic of the indicator is to display candles that are in overbought / oversold zones
"It is recommended to use this indicator in combination with the divergence indicator"
Re: Something interesting please post here (Metatrader)
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what we want: 1+1+1+1+1+1+1+1+1=9
what market delivers: 1+2+8+7-4+0-5+8-4-5+1=9
what market delivers: 1+2+8+7-4+0-5+8-4-5+1=9