Due to some similarity of the Relative Strength Index(RSI) and Money Flow Index(MFI), I thought of creating a Stoch MFI inspired by the Stoch RSI.
- can be used similar to the Stoch RSI
- useful for pullback during trending markets and for S&R trading during ranging markets
TAYOR!
This script is composed of 4 elements:
EMA Cross Indicator
Money Flow Indicator Oversold/Overbought
RSI with divergence indicator
Apirine Slow RSI
EMA Cross:
The EMA Cross provides a rough idea of trend direction. The 50 horizontal line will flash green/red depending on the current EMA crossover status.
The EMA values can be changed depending on your...
It is simply your traditional MFI , except that your 50 line became the actual price.
Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences .
You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
I was always interested in volume indicators as well as market sentiment.
While brainstorming, I came to the thought that people with gains vs people with losses can move a stock up or down.
I don't want to debate the rational behind people buying and selling based on profits or losses, so this isnt a signaling indicator.
However, I still wanted to have a way to...
This script was created to provide confluence when entering trades. Trades are entered as scalp trades with trailing stops, that sometimes turn into swing trades.
This script is composed of three elements:
EMA Cross Indicator
Money Flow Indicator Oversold/Overbought
Triple Stochastic - The Core Component of this script
EMA Cross:
The EMA Cross...
This is my leading MFI that I use because it tends to lead and not lag.
The Bar length is where you can adjust the average based on the amount of bars.
The MFI Multiplier is used for calculating the money flow by multiplying by the volume.
The Y Position is where the sprite is on the Y axis (vertical) of the stage. The value gets higher or lower depending on...
With the GOD's Eye, you can understand the money flow in the system/security
Know how biggies are following, and save from all your losses.
Works best in positional setup - Daily, Weekly and Monthly charts.
User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included:
MFI - Signal Histogram
MFI/Signal Crossovers
MFI/Signal Ribbon
Bands breakouts highlighting
Middle line crossovers background
Welcome to the MFI Pro! This indicator uses the Money Flow Index and overlays two EMAs along with different 'under' levels for the buy triggers. It uses the 14 EMA2 length for the white line and the 5 EMA3 length for the waves. The red shaded 'sell' signal is triggered whenever the MFI climbs above the 80 level and the green shaded 'buy' signal is triggered...
RSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI ...
This is a modification of the commonly used money flow index. The major change is to the way the average price is calculated. Typically this is done with a hlc3 method,
meaning the average of the period high, low, and closing prices. This calculation infers that volume is evenly distributed between those three points. Generally this is not the case.
My version...
It came to my attention that one very common implementation of SMI was incorrect; rather than subtracting the first hour delta and adding the last hour delta it subtracts the whole day delta and adds the last 30m delta. While this indicator might have had some use, it is not what I understand to be the actual Smart Money Index and so I post this as a correction...
In this script
I combined the various of the oscillator
MFI ( Money Flow Index ) with BB ( Bollinger Bands ).
As the MFI crosses the BB base, a green / red point is formed accordingly.
As a sign it is possible to continue up / down.
I added EMA8 to MFI (style circles)
When the oscillator is above the EMA - it is possible that this is a clear sign of an...
Money Flow (MFL of MFI) indicator for the DAX index, which works on the hourly timeframe.
In order for this indicator to work for you, you must have access to the Xetra (XETR:DAX) tickers, where the underlying stocks of DAX are trading.
For some reason Xetra does NOT provide hourly volume so you can't see the money flow using the built-in TradingView indicator....
