Noldo

Function : Stochastic Money Flow Index

This 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.
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?

Komentar

great , you are truly gifted:)
+2 Jawab
thank you
+2 Jawab
it repaints
+1 Jawab
Noldo Bhtjydev09
@Bhtjydev09,
interestingly, there is no code to repaint here.
I will review detailed and practical soon, if necessary, update.
+1 Jawab
can someone please explain how to use it in case of commodities?
Jawab
Noldo Lambroker
@Lambroker, This indicator is a combination of stochastic oscillator and money flow index.
Its use is the same as for moving averages.
Crossovers and crossunders actions will be examined.
Jawab
@Noldo, Ok, I see the stochastics.
But I am not sure about how to interpret the green and red "+" signs?
Could you please explain what a green + stands for? and what a red + stands for?
thank you
Jawab
Noldo Lambroker
@Lambroker, https://s3.tradingview.com/snapshots/p/pasi3T3l.png

There's no signal on here. Just fast and slow stochastics and there is the main zone, which is free of overbought and oversold zones.
Jawab
@Noldo, but I am referring to a different indicator. It is called "Open interest Stochastic Money Flow Index OFF Futures"
Jawab