Using Market Facilitation Index - MFI you will be able to recognise two important metrics: Whether the current trend is strong enough to trade it. When a new trend may start. MFI combines changes in price (range) and volume. Here is the formula: MFI = (High – Low) * Volume The indicator has bars of four colours. Each colour has a specific meaning and shows...
This script reads price and volume information for the top 5 coins (on 9 exchanges, a total of 29 pairs), calculates the cummulative upvolume and downvolume according to the Money Flow (MFI) formula, and shows upvolume and downvolume separately on the chart as a green and a red line. The coins used are BTC, ETH, LTC, XRP and EOS. They are the top 5 coins by daily...
First off, a huge thank you to the following people: @LEGION: @LazyBear: www.tradingview.com @xSilas: www.tradingview.com @Ni6HTH4awK: www.tradingview.com @sco77m4r7and: @SNOW_CITY: www.tradingview.com @oh92: www.tradingview.com @alexgrover: www.tradingview.com @cI8DH: www.tradingview.com @DonovanWall: www.tradingview.com This is my second iteration...
First off, a huge thank you to the following people: LEGION: LazyBear: www.tradingview.com xSilas: www.tradingview.com Ni6HTH4awK: www.tradingview.com sco77m4r7and: SNOW_CITY: www.tradingview.com oh92: www.tradingview.com alexgrover: www.tradingview.com cI8DH: www.tradingview.com DonovanWall: www.tradingview.com Since I've been on TradingView I've become...
A new version of the indicator Mfi_v2. Added new control parameters. tt - the averaging period of the volume. Len - the period for calculating the MPI. nn-averaging period MFI (blue line). level-critical levels from below and above (black horizontal lines). Level 0 or 50 - switch between different histogram views with the middle at either level 50 or level 0....
Bill Williams indicator (MFI). The indicator calculates the range of oscillations per unit volume. In fact, this indicator shows the tick volume or the readiness of the market to move the price. The indicator is presented as vertical columns or as a line with levels. Vertical columns are painted in different colors depending on the displacement of the indicator...
Here it is Everyone - What was once hidden is now revealed This is the Ultimate RSI Divergence Indicator Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights Color Changing RSI helps when...
RSI + Stoch RSI combined script Very usable for free accounts with indicator limits. Use 2 indicators as 1
This oscillator basically is three in one oscillator with every overbought/oversold condition on different levels being illuminated/highlighted in the oscillator background for ease of spotting potential trade opportunity . Oscillators involved :- 1. RSI (Relative Strength Index) 2. StochRSI (Stocahstic Relative Strength Index) 3. MFI (Money Flow Index) Tip...
add divergence to m59's MFI indicators. show overbought/oversold and divergence to MFI.
This script includes 3 indicators: - RSI Length 5 - MFI Length 9 - SRSI Length 9
Combines 4 popular indicators (RSI, Stoch, SRSI, MFI) and 1 peculiar one (Aroon) in 1 for those who want to save indicators but not only. This is an evolution of my (simpler) "RSI / Stoch / Stoch RSI (SRSI) Overlay " that you can find on my scripts. Added bands for oversold/overbought areas (70/30 common for RSI and 80/20 for SRSI and MFI), as well as a middle...
MFI+ is a MFI study enhanced with a linear regression moving average. Default Settings: MFI: 13 Linear Regression of MFI: 34 Activate Vertical Bar Highlights and/or Signal Flags for: - MFI Oversold/Overbought. (Default: Highlight Bar) - MFI Extended Oversold/Overbought. (Default: Highlight Bar) - MFI crossing its Linear Regression. (Default: Signal Flag)...
This script has been published for customer acceptance and verification. Sorry this mean access will only be provided to the customer. For open source scripts, please take a look at the Backtest-Rookies profile. Users who are interested in custom development services can visit the Backtest-Rookies (.com) website. VOLUME Super Divergence A variant of ....
The main concept was to make a bound oscillator calculate with a formula that places emphasis on the mean averages. Ideally this would mean that the oscillator won't have a tendency to swing into overbought/oversold condition and cause whipsaw. Using log is a way to increase the signal to noise ratio, with the regular MFI still plotted. This indicator is best...
MFI with background color when value is equal or above lower / upper threshold
The Calculator is more than just an indicator. The math from its underlying 16 built-in indicators is the core of my overall trading strategy. The Calculator takes all that data, analyzes it behind the scenes and then displays it in an EASY to understand format. Basically, The Calculator takes the work out of something that would ordinarily be very...