seiglerj

MFI [seiglerj]

Dilihat 19255
6448
Money Flow Index with breach highlighting
based on LazyBear's MFI / RSI script
Catatan Rilis: Improve colors to work better with a light theme
Fix indicator scaling with invisible lines at 0 and 100
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Komentar

Sir salute to your indicator, i am not so great in coding my understanding and belief is that, this indicators includes ADX + RSI + Volume details.
+3 Jawab
Seiglerj,
Is there a way to receive an ALERT in your software when the Indicator's time is "Leaving" the Green and the RED zones? Thanks Stephen.
+3 Jawab
Are you aware that today, the indicator is broken .... ? The setting panel closes automatically, and the "invisible" button doesn't work... the platform has serious issue.
+1 Jawab
Hey seiglerj, i see you use timeframe 1h, is this the time you recommend for trading with this indicator?
Jawab
seiglerj murat_waslan
@murat_waslan, I don't know jack squat about using indicators effectively, sorry
Jawab
charts75 murat_waslan
@murat_waslan, It works great for me in 5 min time frame. With another Indicator of course!
Jawab
Seiglerj, what the difference between your and normal MFI? I can spot some differences, yours often seems to be more "aggressive".
Jawab
seiglerj Kalindro
@Kalindro, My MFI formula is the same as the official MFI indicator, which I have pasted here:

//@version=3
study(title="Money Flow", shorttitle="MFI")
length = input(title="Length", type=integer, defval=14, minval=1, maxval=2000)
src = hlc3
upper = sum(volume * (change(src) <= 0 ? 0 : src), length)
lower = sum(volume * (change(src) >= 0 ? 0 : src), length)
mf = rsi(upper, lower)
plot(mf, color=#459915)
overbought=hline(80, title="Overbought", color=#c0c0c0)
oversold=hline(20, title="Oversold", color=#c0c0c0)
fill(overbought, oversold, color=#9915ff, transp=90)

The only new thing mine does is highlight overbought and oversold more effectively.
Jawab
Kalindro seiglerj
@seiglerj, Oh, I wonder why they vary (sometimes a lot) on my chart. Upper is the one from you, lower is the built-in.

Clearly oversold on one of them.
Jawab
seiglerj Kalindro
@Kalindro, I'm not able to produce this effect on my own charts, but it seems like one of those MFI indicators is based on standard candles and the other one is based on Heikin-Ashi candles. I don't know why changing the candle style is allowed to affect indicators, but it absolutely does. For that reason, I generally use standard candles which have been hidden, and add the Heikin-Ashi indicator named "I_Heikin Ashi Candle". You just have to merge it back up onto the main chart so it can replace the existing candles.
+2 Jawab
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