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 sets the actual trend - basic TDI like functionality with two bands and Sharkfins / Hooks - the Sharkfins / Hook signals are generated in the direction of the MFI Trend
Notas de Lançamento
Optimized parameters for based on backtest for better profitability and added neutral band crosses to the mix. + Some random code Housekeeping.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.