NeoButane

Log MFI - Money Flow Index

The main concept was to make a bound oscillator calculate with a formula that places emphasis on the mean averages. Ideally this would mean that the oscillator won't have a tendency to swing into overbought/oversold condition and cause whipsaw. Using log is a way to increase the signal to noise ratio, with the regular MFI still plotted.

This indicator is best used in confluence with price action swings, where volume would normally be the highest.
Hilangkan dari Skrip-Skrip Favorit Tambahkan ke Skrip-Skrip Favorit
My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Komentar

Thanks for this, seems to be very useful.
+2 Jawab
This is really awesome..... thanks neobutane for all the scripts and knowledge
+2 Jawab
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