MFI with 2 Moving Averages mg
- Indicators
- DMITRII GRIDASOV
- Version: 2.31
- Activations: 10
Crypto_Forex Indicator "MFI and 2 Moving Averages" for MT4, No Repaint.
- Money Flow Index (MFI) is a technical oscillator which uses price and volume data for identifying oversold and overbought zones.
- "MFI and 2 Moving Averages" Indicator allows you to see Fast and Slow Moving Averages of MFI oscillator.
- Indicator gives opportunities to see the trend change very early.
- It is very easy to set up this indicator via parameters, it can be used on any timeframe. PC/Mobile alerts!
- You can see Buy and Sell entry conditions on the pictures.
- Buy signal conditions:
(1)-fast MA crosses slow one upward,
(2)-red MFI line is above fast MA,
(3)-red line goes to yellow one closely,
(4)-red line rebounds upward from yellow one,
(5)-Buy hook is just formed - open trade here,
(6)-Important: use only the 1st hook after MAs cross.
(7)-Vice versa for Sell trades (see pictures).
This is original product which is offered only on this MQL5 website.
