MFI with 2 Moving Averages MT5 rq
- Indicators
- Version: 5.27
- Activations: 10
Crypto_Forex Indicator "MFI and 2 Moving Averages" for MT5, 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. With 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.
Vice versa for Sell trades (see pictures).
This is original product which is offered only on this MQL5 website.
