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Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.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...
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...
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...
The signals are based on the Gaussian Channel calculated by Donovan Wall. Thanks also to Kiasaki for Rate of Change code.
Simply going long and short based on Gaussian channel was not consistent enough so I also included an MFI filter. We only go long if Money Flow Index is greater than the last candle (more money is flowing in than out). The opposite for short....
CAUTION : This system was inspired from seiglerj' s "Money Flow Index " script. Open Interests are used instead of volume.
What is the Money Flow Index ( MFI )?
The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a...
This script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables.
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow...
Best for higher time frames - 30m, 1H, 2H, 3H, 4H, D this strategy uses several factors that are pushed through an Inverse Fisher Transform (IFT). The higher the TF, the better the performance, up to 98%, but the number of deals tends to drop). Middle time frames (5m, 15m) look viable with Scaled Price (Scaled %P) and MFI factors. The factor list can be extended...
The goal was to create a nicer cleaner and yet a practical version of the
MFI indicator. MFI or Money Flow Index is a momentum-based oscillator. It is very similar to the RSI but enhanced with
volume in its calculation.
This version of MFI features :
- Cleaner visualization
- EMA Band Ribbon to see the trend without noise
- Long Term MFI smoothed via T3 that...
Edited the RSI div indicator by Libertus to use MFI & show on candles. V2 update filters the divs using stochastic oversold & overbought & removes the lagging signals (they were offset back by 1 bar).
Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a stochastic indicator to stop being oversold or overbought, so if eg. you see...