Indicators: True MFI (Alternative to the standard MFI)

 

True MFI (Alternative to the standard MFI):

Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this fact

Fig.1 The True MFI indicator

Fig.1 The True MFI indicator

Author: Nikolay Kositsin

 
Thanks for the transfer and addition of the indicator
 
Strange statement regarding the fact that the "standard" MFI does not take volumes into account. For example, for 4, the equivalent code - https://www.mql5.com/en/code/8025 - takes volumes into account. Is this not the case for 5?
Money Flow Index, MFI
Money Flow Index, MFI
  • votes: 3
  • 2005.12.21
  • MetaQuotes Software Corp.
  • www.mql5.com
Money Flow Index (MFI) is the indicator, which indicates the rate at which money is invested into a