SC MTF Mfi for MT4 with alert

What is MFI?

The Money Flow Index (MFI) is a volume-weighted momentum oscillator that measures the strength of money flowing in and out of a security over a given period. It works similarly to RSI but incorporates volume, making it a more comprehensive momentum measure. Values range from 0 to 100.

MFI values above 80 indicate overbought conditions, while values below 20 indicate oversold conditions. A rising MFI with rising price confirms the trend, while divergence between MFI and price can warn of an impending reversal. The volume component makes MFI particularly effective at detecting trend exhaustion.

Features:

• Volume-weighted momentum calculation
• Visual signal markers with arrows and vertical lines
• Three independent signal buffers with configurable triggers
• Signal detection options: direction change, level cross, peak/valley
• Configurable alert functions for each signal (email, push, sound, popup)
• Multi-timeframe (MTF) capability with interpolation methods
• Histogram or line drawing mode
• Multiple color modes (simple, direction-based, level-based)
• Custom indicator call (iCustom) buffer access for Expert Advisor (EA) integration

Input Parameters:

• Basic Settings:
  • MFI period: Number of bars used for the money flow calculation (default: 14).
  • MFI bar shift: Offset the line drawing by a specified number of bars.
  • MFI timeframe: Choose the timeframe for MTF display.
  • MTF on higher TF only: Restrict MTF display to timeframes higher than the current chart.
  • MTF Interpolation mode: Select smoothing method (Off, Linear, Smooth, Weighted, Simple Moving Average).
  • Maximum bars to calculate: Limit the number of bars calculated for performance optimization.
• Levels Settings:
  • Show levels: Toggle overbought/oversold level line visibility.
  • High level (overbought): Upper threshold value (default: 80).
  • Low level (oversold): Lower threshold value (default: 20).
  • Show middle level: Toggle the midpoint level line.
  • Level appearance: Customize color, style, and width.
• Signal Settings:
  • Signal 1/2/3 trigger: Configure detection type (direction change, level cross, peak/valley).
  • Visual markers: Enable arrows and vertical lines with customizable size, style, and position.
  • Arrow customization: Set Wingdings codes and colors for up/down signals.
• Alert Settings:
  • Alert timing: Choose when alerts trigger (Off, After close, Before close, Both).
  • Alert interval limit: Set minimum minutes between repeated alerts.
  • Time range filter: Restrict alerts to specific hours.
  • Delivery methods: Enable email, push, popup, and sound notifications.
• Color and Style Settings:
  • Color mode: Select from multiple modes (simple, direction-based, level-based).
  • Histogram mode: Switch between line and histogram display.
  • Line appearance: Customize colors (4 per line), style, and width.