Function : Stochastic Money Flow IndexThis function is similar to the stochastic rsi function.
The only difference is that Money Flow Index is used instead of rsi.
Oversold and overbought values were changed to 80 and 20.
Because the MFI's overbought and overbought zones are 20 and 80.
In MFI, I think that it can be more beneficial in liquid markets than stochastic rsi since volume is taken into account in contrast to RSI.
Regards.
MFI
|-ML-| Banana Split | RSI & MFI Divergence OscillatorsMFI and RSI moving average divergence oscillators.
Bullish:
More Yellow underneath curling up.
Higher Low on blue oscillator.
'MFI Trend' (red and green line) red at the top.
Bearish:
More orange at the top curling down.
Lower high on blue oscillator.
'MFI Trend' green at the bottom.
This is a great compliment to the C4 indicator.
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Multi momentum indicatorScript contains couple momentum oscillators all in one pane
List of indicators:
RSI
Stochastic RSI
MACD
CCI
WaveTrend by LazyBear
MFI
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while oversold -40 and -60 instead 30 and 20.
MACD and CCI as they are not bounded to 100 or 200 range, they are limited to 100 - -100 by default when activated (extras are simply hidden) but there is an option to show full indicator.
In settings there are couple more options like show crosses or show only histogram.
Default source for all indicators is close (except WaveTrend and MFI which use hlc3) and it could be changed but for all indicators.
There is an option for 2nd RSI which can be set for any timeframe and background calculated by Fibonacci levels.
SuperC BF 🚀Based on some code from noro and kiasaki - thank you.
A Super Trend is a trend over a long period of time. There are lots of existing scripts that generate signals based on the overall direction of an instrument. What if we combined this idea with a measure of Money Flow and added a filter to try to avoid choppy sideways action?
I started with a super trend foundation and added an MFI calculation to account for volume flowing into and out of the asset. Then added a Rate of Change function to stay out of trades when there is not much up/down movement.
INSTRUCTIONS
Bright green background = go long
Bright red background = go short
COLOR OVERVIEW
A white background means we don't trade
A green background means we have a long condition
A red background means we have a short condition
The cloud is green when we have a long condition, red when we have a short condition.
The cloud is yellow if we should be in a long already but the current candle is not satisfying all long conditions.
The cloud is orange if we should be in a short already but the current candle is not satisfying all short conditions.
The line at the bottom is MFI - this is green when the current candle is greater than the last, red when it is less than the last.
SIGNAL GENERATION
A long condition is when MFI > MFI AND we are not in a choppy market AND when price is above the super trend.
A short condition is when MFI < MFI AND we are not in a choppy market AND when price is below the super trend.
We use a fixed Stop Loss of 2% here on the daily timeframe for XBT/USD.
If we get stopped out from a long and we still have the conditions for a long, we re-enter. Same for short.
Gaussian MFI BFThe signals are based on the Gaussian Channel calculated by Donovan Wall. Thanks also to Kiasaki for Rate of Change code.
Simply going long and short based on Gaussian channel was not consistent enough so I also included an MFI filter. We only go long if Money Flow Index is greater than the last candle (more money is flowing in than out). The opposite for short. Also employed Rate of Change function (white background) to avoid sideways market.
A 2% stop loss seems to be the most balanced for this strategy but can can altered in the settngs.
Also included a take-profit function but it seems this is best not implemented for this strategy, at least in the case of XBT/USD.
A derivative of The MFI is also plotted on the chart simply to compare the current candle with the last candle visually.
Background color:
Green = Long
Red = Short
White = No Trade
Open Interest Money Flow Index (OIMFI)CAUTION : This system was inspired from seiglerj' s "Money Flow Index " script. Open Interests are used instead of volume.
What is the Money Flow Index ( MFI )?
The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .
What Does the Money Flow Index ( MFI ) Tell You?
One of the primary ways to use the Money Flow Index is when there is a divergence. A divergence is when the oscillator is moving in the opposite direction of price. This is a signal of a potential reversal in the prevailing price trend.
For example, a very high Money Flow Index that begins to fall below a reading of 80 while the underlying security continues to climb is a price reversal signal to the downside. Conversely, a very low MFI reading that climbs above a reading of 20 while the underlying security continues to sell off is a price reversal signal to the upside.
Traders also watch for larger divergences using multiple waves in the price and MFI . For example, a stock peaks at $10, pulls back to $8, and then rallies to $12. The price has made two successive highs, at $10 and $12. If MFI makes a lower higher when the price reaches $12, the indicator is not confirming the new high. This could foreshadow a decline in price.
The overbought and oversold levels are also used to signal possible trading opportunities. Moves below 10 and above 90 are rare. Traders watch for the MFI to move back above 10 to signal a long trade, and to drop below 90 to signal a short trade.
Other moves out of overbought or oversold territory can also be useful. For example, when an asset is in an uptrend, a drop below 20 (or even 30) and then a rally back above it could indicate a pullback is over and the price uptrend is resuming. The same goes for a downtrend. A short-term rally could push the MFI up to 70 or 80, but when it drops back below that could be the time to enter a short trade in preparation for another drop .
Reference : www.investopedia.com
WARNING :
** Since each instrument in the list has its own unique contract data, you must first enter its name to display it. I recommend you to select OANDA from the markets. Finally, when the COT reports are issued, it may repaints. However, this repaint is usually close to closing or after close .(When COT reports are so sharp ) So use this script only 1W ( 1 week ) or 1 M ( 1 month ) timeframe.
** This data is taken to Tradingview with the help of Quandl. This is a very low possibility, but the system will not work if there is a malfunction.
FEATURES :
*** Working with all futures (Including : Bitcoin )
*** If you dont work with "Futures" , you can select "Others" from switchable menu and use volume for all instruments.
*** New generation elegant design used : Adaptive coloring Overbought - Oversold Levels according to the closing price.
NOTE : This code is open source under the MIT License. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com
Stay tuned. Best wishes !
MFI flatИз 5 периодов вычислено среднее значение. Использовать вместе с индикатором ADR_B+CCI на интервалах 115,230,450 минут и 12 часах. Важно пересечение с касательной и положение относительно нулевой линии. Позволяет более точно получить точку входа и выхода.
MFI MTF Pane [Anan]Hello friends,
This is MFI MTF Pane :
Green : MFI >= 50
RED : MFI < 50
Green Dot : MFI Oversold MFI >= 80
Red Dot : MFI Overbought <=20
Function : Bollinger Bands and BBW Squeeze DetectorThis script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables .
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index.
Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index).
After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index.
We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price.
By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish.
I tried and found it quite successful and wanted to share it with users.
I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas.
Best regards.
Money Flow Index Extreme Condition + MACDCombine the signal of extreme condition of Money Flow Index and MACD
Money Flow Index (MFI) [Rocha]Indicator: Money Flow Index
Highlight Oversold/Overbought
Line 50 (>50 Bullish and <50 Bearish)
Multifactor Inverse Fisher Strategy (ps4)Best for higher time frames - 30m, 1H, 2H, 3H, 4H, D this strategy uses several factors that are pushed through an Inverse Fisher Transform (IFT). The higher the TF, the better the performance, up to 98%, but the number of deals tends to drop). Middle time frames (5m, 15m) look viable with Scaled Price (Scaled %P) and MFI factors. The factor list can be extended to include cci, stoch, rsi_stoch, emo, macd, cog, dpo, roc, accdist, cctbb, mom, awesome, tva, etc. Some of them need to be rescaled to a 0..100 interval. The IFT produces a value in the -1..1 interval (see: www.mesasoftware.com). This indicator does NOT repaint.
Simple 𝔇 Oscillators𝔻𝕚𝕧𝕖𝕣𝕘𝕚𝕟𝕘 𝕆𝕤𝕔𝕚𝕝𝕝𝕒𝕥𝕠𝕣𝕤
No Offset's, No delay
There is 6 Oscillators diverging in release version
For micro tf charting -requires manual tune on input menu
MFI and RSI wih (R/H Divergence)Hello Friends,
* RSI + MFI + (Regular/Hidden) Divergence + Bullish/Bearish background colors.
* you can edit your options from indicator settings.
MFI Reloaded @ByPuppyTherapyThe goal was to create a nicer cleaner and yet a practical version of the
MFI indicator. MFI or Money Flow Index is a momentum-based oscillator. It is very similar to the RSI but enhanced with
volume in its calculation.
This version of MFI features :
- Cleaner visualization
- EMA Band Ribbon to see the trend without noise
- Long Term MFI smoothed via T3 that sets the actual trend
- basic TDI like functionality with two bands and Sharkfins / Hooks
- the Sharkfins / Hook signals are generated in the direction of the MFI Trend
MFI Divergence v2Edited the RSI div indicator by Libertus to use MFI & show on candles. V2 update filters the divs using stochastic oversold & overbought & removes the lagging signals (they were offset back by 1 bar).
Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a stochastic indicator to stop being oversold or overbought, so if eg. you see a cluster of sell signals at a top, wait for the stoch to cross below 80 before entry. Please backtest before trading with this, DYOR NFA GLHF!
MFI DivergenceThis is an edit of the RSI divergence indicator by Libertus (thanks!). Play around with the settings, you'll want to tweak length & lookback per market & timeframe.
The four Kings MFI OBV CCI MACD [MesattoCapital]MFI OBV CCI MACD Combo Indicator by MesattoCapital
Version 2.0
Enjoy, check screenshot for more info!
BR/PT Version: