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.
@Bhtjydev09,
interestingly, there is no code to repaint here.
I will review detailed and practical soon, if necessary, update.
Lambroker
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can someone please explain how to use it in case of commodities?
Noldo
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@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.
Lambroker
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@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