Combines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window.
On screen indicator text identifier will read in this order: "RSI/STOCH/MFI V3"
// Changes from original version \\
It was important to bring forth the RSI indicator as the most visually important line and its relationship to the background.
Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI.
When analyzing the money flow index one needs to take into...
Market Facilitation Index indicator taken from "Trading Chaos" by Bill Williams.
MFI must be used in combination with volume:
GREEN = Volume up + MFI up (indicated by a green diamond)
SQUAT = Volume up + MFI down (indicated by a purple star)
FAKE = Volume down + MFI up (indicated by a red x)
FADE = Volume down + MFI down (indicated by a grey circle)
RBI is an intricate oscillator that calculates relative breadth of an asset according to its trend. If you want to detect reversals, continuations, trend strength, divergences, and confirm other signals, read on.
Relative Breadth Index has 4 main components:
Fast (White), Medium (Green), and Slow (Red) Oscillators
Overbought and Oversold Thresholds (Shaded...
Visually understand the initial movement of MFI trends.
The background color changes when the value is greater or less than the specified value.
This should be seen together with ADX etc.
Hashem Helper Two
This Indicator contains many indicators and mixture of them.
RSI+MFI = Green and Red Cloud (Above 0 is Green, Below 0 is Red)
StochRSI (K = Aqua, D = Purple)
WaveTrend (Not shown directly but used in the bigger Aqua and Purple Cloud Waves)
VWAP (Volume-Weighted Average Price) = Yellow Cloud Around 0 Line.
The Blue WaveCloud (which is a Fast...
This is the improved version of Stochastic Money Flow Index script that uses Open Interest instead of volume in Future markets.
I think it will make a difference especially in Future and CFD markets.
Since the system will pull data from Quandl, CFTC reports may cause repaint when disclosed.
So if you use it during the weekly time frame (1W), it will definitely...
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...
MFI and RSI moving average divergence oscillators.
More Yellow underneath curling up.
Higher Low on blue oscillator.
'MFI Trend' (red and green line) red at the top.
More orange at the top curling down.
Lower high on blue oscillator.
'MFI Trend' green at the bottom.
This is a great compliment to the C4...
Script contains couple momentum oscillators all in one pane
List of indicators:
WaveTrend by LazyBear
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while...
Based on some code from noro and kiasaki - thank you.
A Super Trend is a trend over a long period of time. There are lots of existing scripts that generate signals based on the overall direction of an instrument. What if we combined this idea with a measure of Money Flow and added a filter to try to avoid choppy sideways action?
I started with a super trend...