This script uses both MFI and RSI to create a buy or sell signal. At the moment it is used for scalping on the 15m timeframe. Oversold and Overbought conditions are adjustable.
For a sell signal, at the moment the RSI and MFI need to be overbought and the RSI needs to drop. For a buy signal, at the moment the RSI and MFI need to be oversold
future update will contain extra confirmation by making the rise and drop of the RSI and MFI taken into the calculation.
This is a very useful script! Thank you. Any plans on making the updates you mentioned above? Otherwise, might you consider making the script open-source? Either way, thanks for your work so far.