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MFI Modern PRO

40 USD

Demo downloaded: 920

Published: 23 April 2022

Current version: 1.6

MFI Modern PRO

Name: MFI Modern PRO
Price: 40.00 USD
Rating: 4.9166665 (36 reviews)
Author: Davit Beridze

4.92

Indicators
Davit Beridze
Version: 1.6
Updated: 7 June 2023
Activations: 5

Default settings are just for visualisation, it can not be profitable with it.

Get a Free EA as a Bonus when you Purchase the Indicator! Plus, Receive 4 Interesting Additional Indicators.

Recommended set files for backtesting the indicator on recommended pairs are available in the comments section (last page).

Please note that this product is exclusively sold on the MQL5 market. Any other sources offering it are scams, and the author bears no responsibility.

To receive the bonus gifts, please contact me privately through direct messages.

With the latest upgrade, the MFI period has become dynamic, and a +1 filter has been added.

If you don't see arrows with any set file, simply adjust the "Volatile" setting to "Not use" or set the filterMFI to false.

Here is the EA from the video for easily backtesting the indicator entries before making a purchase: [https://www.mql5.com/en/market/product/85876]. Don't forget to use the recommended set files available in the comments section.

MFI Modern Pro is an enhanced version of the standard MFI indicator. It displays clouds at the intersection of various levels and draws arrows upon the completion of each cloud formation. These clouds represent zones where overbought or oversold conditions are active and are about to end. When the MFI line exits one of these zones, arrows appear, indicating the direction for Buy or Sell trades. Each opposite signal serves as an exit for the previous signal. For instance, a red arrow indicates a sell signal and simultaneously serves as an exit signal for the previous green arrow (buy signal). Occasionally, a similar sell or buy signal may appear when we already have a position in plus from the previous signal. This behavior is completely normal.

Watch the video to see the indicator entries in action (Please note that the EA in the video is solely for demonstration purposes and not available for sale. It is provided as a gift to customers who purchase the indicator).

MFI Modern Pro includes the following input parameters:

mfiPeriod: period for the MFI indicator.
mfiPeriodadd: number of periods to add to mfiPeriod to allow dynamic and automatic changes (linked to CCI).
mfiSellProof: MFI level to cross from up to down initially to confirm a sell arrow.
mfiSellCross: MFI level to cross from up to down after Proof to draw a sell arrow.
mfiBuyCross: MFI level to cross from down to up after proof to draw a buy arrow.
mfiBuyProof: MFI level to cross from down to up initially to confirm a buy arrow.
FilterMfi: Enable/disable an extra condition for arrow confirmation.
FilterTFmfi: Choose timeframe for confirmation.
FilterBuyProofMFI: Level for buy order confirmation (e.g., if we buy when MFI exits the oversold zone on H1, it should not be near the overbought zone on lower timeframes like M30-M15. If filterMFI is false, this option is not used).
FilterSellProofMFI: Level for sell order confirmation (e.g., if we sell when MFI exits the overbought zone on H1, it should not be near the oversold zone on lower timeframes like M30-M15. If filterMFI is false, this option is not used).
Volatile: Choose "Not Use," "Higher," or "Lower." For Higher, the volatility number should be higher than the entered level to draw an arrow. For Lower, the volatility number should be lower than the entered level to draw an arrow (this is an independent indicator built-in from my products).
VolTF: Timeframe for detecting volatility factor.
VolPeriod: Period of volatility.
VolLevel: Level for volatility.
UseCCI: Enable/disable CCI for making the MFI period dynamic. It adds the Periodadd number to the main period of MFI (first input).
cciTF: Timeframe for CCI.
cciPeriod: Period for CCI.
cciPrice: CCI Price.
cciLevel: CCI level (if set to 150, it will use 150 and -150 as the upper and lower thresholds, respectively, which are added to the period of MFI as specified in Periodadd).
UseBB: Enable/disable Bollinger Bands filter. If enabled, the price must be below the upper band to draw a sell arrow (according to the conditions described above), and the price must be above the lower band to draw a buy arrow (according to the conditions described above).
alerts: All available alerts provided by the indicator.

This indicator is the result of 11 years of trading experience. Tests have been conducted using the "from signal to signal" method, without the use of stop losses, to showcase its accuracy solely based on signals. Every trader should determine suitable stop loss levels based on their preferences and trading styles, as variables can vary significantly depending on the type of trader. The Gift EA can assist in quickly and easily researching different settings. Good luck!

more...

543

Yusuf Hamzah 2024.02.18 15:44 #

The indicator is MFI-complete and it allows user to perform back-testing and optimization. I have been reviewing it for nearly two weeks. It is feature-wise, provide value-for-money and I have nothing to regret purchasing it. Davit provides a good after-sales support and very generous in giving explanations. He is quick to response and adept to questions. As a caveat, past performance does not guarantee future performance. Although, I do believe the indicator is promising, I still strongly suggest user to do its own homework to fully utilize it (like any other indicators, it is just an indicator). Good luck.

3371

rainwalker123 2023.08.22 13:18 #

DEAR DAVID, you are the best and talented here in MQL5. Your indicator ist the only one, who provides reliable and profitable signals. You are real JEWEL for the trader community here. RIGHT ON, you are the best.

364

X_RaXaR 2023.07.19 22:01 #

This indicator really gives very accurate signals. The author almost instantly replies to messages and gives detailed explanations. In general, both the product and technical support are excellent. Well, the bonuses are so generous that you will be pleasantly surprised.

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Indicator customers will get Ea based on Fiter indicator for free as a Bonus. (watch video to see Ea in action) Comment To get EA Fiter is EMA+ATR*RSI hibrid yellow line combined with Moving average red line, cross of which gives much smoother results than two simple Ma cross usage in trading. Effectiveness is proven by backtest and comparison with two simple Ma crosses. History shows that this method Fits with different market conditions and it can be boldly used in real manual trading for det

30 USD

There is No use in the Testing Demo. You will understand nothing from running flashing numbers. It is a Dashboard. Just try to understand idea, get it and I will help in everything further. Symbols must be separated by commas (,) and entered into the parameters exactly as displayed by your broker to ensure they are recognized in the dashboard. These symbols will be used for analysis by the indicator. With one click open any pair any timeframe directly from dashboard The MA Speedometer Dashboar

40 USD

The "Candle Info" indicator for MetaTrader 4 (MT4) helps traders analyze and visualize key candle formations directly on the chart. By detecting formations such as Higher Highs (HH), Lower Lows (LL), Higher Lows (HL), and Lower Highs (LH), it provides insights into market trends and potential price movements. Key Features: Candle Formations: Identifies and labels HH, LL, HL, LH, along with combinations like HH & HL (bullish) and LL & LH (bearish). Session Filters: Allows filtering of formations

40 USD

You get Ea based on MRA Index for free as a Bonus in case of indicator purchase. For sc alping I optimize sets on period of l ast 12 months and use it next 1 month, this w ay it works very well ! Def ault settings are just for vizu alis ation, it c an not be profit able with it, recommendations about Correct optimization process I sh are with buyers. The "MRA Index" forex indicator is a versatile tool that combines various technical elements to provide traders with valuable insights into pot

40 USD

Check my p a id tools they work perfect! "Period Cross RSI" Is a New indicator idea that shows crosses of two RSI lines with different periods which creates ascending and descending zones for confirmation of long and short trading. This indicator is brend new and will be upgraded further, for now I recommend to use it as a confirmation, filter indicator for determination of long/short trading zones, not as a signaler indicator for now. Further upgrades can make it as a signaler indicator as w

FREE

Check my p a id tools they work perfect please r ate Here is an Upgraded version with Bonus Ea in case of purchase it costs 30$ only and you get Ea as Bonus: https://www.mql5.com/en/market/product/96835 This indicator is experimetal, it shows TMA channel arrows with Volatility filter built in to avoid lagging. Try to experiment with it, search for better conditions of use. It is possible to adjust different timeframes for TMA and for Volatility filter Same time on the current chart, so it ma

FREE

Dashboard for Ma Speedometer: https://www.mql5.com/en/market/product/116784 Non standard attitude to the standard moving average indicator. The essence of the indicator is to determine the strength and speed of the price direction by determining the tilt angle of the moving average. A point is taken on the fifteenth MA candle and a point on the last closed MA candle, a straight line is drawn between them, it is movable and on a hemisphere shows an angle of inclination from 90 degrees to -90.

40 USD

Check my p a id tools they work perfect please r ate Adjustable PIN BAR indicator is usefull tool alowing to search for pin bars you wish to find on the price chart, it has 2 parameters to filter out what type of pin bars you wish to search for: 1) MinTailProc 75% (default) which means to show pin bars that has minimum size of the Nose (Tail) as 75% of full candle size. If Upper Nose (Tail) size of the candle is minimum 75% of the candle size fully than candle is painted in RED. If Lower Nose

FREE

In case you get Laguerre S crat indicator, you will get Laguerre Scrat Ea as a Gift. To get Ea and det a iled m anu al PDF contact me PM. Default settings are for usd/cad H4 For St able Long term Profits Laguerre Scrat is a trading system based on 4 indicator combinations in the shape of one indicator. Laguerre indicator (upgraded), CCI, Bollinger bands and market volatility factor. It generates arrows in the indicator window and nuts on the price chart, doubling arrows for a better view where

30 USD

after getting indic ator cont act me for Bonus E a. Non Repaint TMA channel with special conditioned arrows on price cross of channel lines plus market Volatility factor, which makes product much more accurate than any usual tma channel indicators. It is proven to be profitable with Ea built based on it which you will get as a BONUS in case of indicator purchase. Good luck.

50 USD

Check my paid tools they work great and I share Ea's based on them for free please r ate The Dual Timeframe RSI (Relative Strength Index) indicator is a novel trading tool that allows traders to monitor RSI readings from two different timeframes on a single chart. This dual perspective enables traders to identify potential trend confirmations and divergences more effectively. For instance, a trader might use a 1-hour RSI alongside a daily RSI to ensure that short-term trades align with the bro

FREE

Indicator shows buy/sell arrows depending on volatility factor. Indicator does not repaint! It works on any pair and any timeframe. It is well tested through strategy builders and shows quite interesting results as a good filter indicator and as independent signaler as well (check the screenshots). It is possible to search for a lot of interesting parameters for profitable trading, some of which are shown on the screenshots. There are next inputs in indicator settings: N-volatility period; Level

40 USD

B acktest with set files from comments section (L a st comment) with method open price only. Watch video and Turn ON Subtitles when watching! This EA contains Few stop out levels built in what makes it much safer than any other method! Never pay attention to the Stereotips. Any method can be risky if you use them without a Sense. Steady Ranger EA is an advanced automated channel trading system with potential to find out hundreds of profitable set files according to the back tests. This EA is n

350 USD

RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informative. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. I Made RSI line Dynamic, it gets more flexible

30 USD

This EA is Created just for RSI Entry points Indicator ( https://www.mql5.com/en/market/product/67581 Test, to show indicators profitable parameters and to give potential buyers possibility to backtest indicator Entries. EA opens Buy orders on Buy Arrows and Sell orders on Sell Arrows of the indicator, orders are closed on opposite signals. EA is not created for Live automated trading, thats not the goal to sell EA, but any ways if you like it and need it, you can rent. Default settings are f

100 USD

Re ad First Before Testing. This Ea goes as a Bonus to MFI Modern PRO indicator users only. Set files generated after upgrade you can check in comments section. This Expert advisor is based on MFI Modern PRO indicator https://www.mql5.com/en/market/product/80765 just to give possibility to indicator users for fastly test the indicator Before buying. In comments section recommended set files are uploaded by which you can prove yourself that backtest data from indicator overview are real. Thi

100 USD

MA Revolution is upgraded version of standard Moving A verage. With the current upgrade moving average line got more sensitive with different market conditions. It gets more flexible by decreasing default period step by step while market is sharp and incrasing period back to default period step by step while market is normal again. testing of the ide a shows th at this upgr aded version gives much more acur acy for detecting m arket direction, ch anges in direction are shown much e arly th an

30 USD

Non standard attitude to the standard moving average indicator. The essence of the indicator is to determine the strength and speed of the price direction by determining the tilt angle of the moving average. A point is taken on the fifteenth MA candle and a point on the last closed MA candle, a straight line is drawn between them, it is movable and on a hemisphere shows an angle of inclination from 90 degrees to -90. above 30 degrees is the buying area, below -30 degrees is the selling area. abo

40 USD

RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informativity. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. To make yourself sure check out the screens

30 USD

Filter:

543

Yusuf Hamzah 2024.02.18 15:44 #

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Reply from developer Davit Beridze 2024.02.18 15:48 #

thanks for review

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rainwalker123 2023.08.22 13:18 #

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Reply from developer Davit Beridze 2023.08.23 09:54 #

thanks for such words. :)

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X_RaXaR 2023.07.19 22:01 #

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Reply from developer Davit Beridze 2023.08.23 09:54 #

thanks. good luck

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VALERІI SKVORTSOV 2023.06.07 20:45 #

Знайшов те, що шукав. Приємно здивував бонус у вигляді додаткових індикаторів та робот на цьому ж індикаторі, це суттєво полегшує процес створення стратегії та саму торгівлю. Продавець завжди на зв'язку та охоче відповідає на всі запитання. Д Я К У Ю !

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Reply from developer Davit Beridze 2023.07.12 17:28 #

you are welcome

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Epsilon Hogas 2023.04.08 05:47 #

Interesting information shown, thank you

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Reply from developer Davit Beridze 2023.07.12 17:28 #

thanks

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adonis4ex 2023.02.21 11:38 #

User didn't leave any comment to the rating

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Reply from developer Davit Beridze 2023.03.03 08:45 #

Hi check PM

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jimdog 2023.02.19 11:13 #

Thanks, looks good

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Reply from developer Davit Beridze 2023.07.12 17:28 #

thanks

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passyjh 2022.12.31 11:12 #

Great indicator and perfect support

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Reply from developer Davit Beridze 2023.07.12 17:29 #

thank you

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Bernardo Carvalho 2022.12.29 11:02 #

Good

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Reply from developer Davit Beridze 2023.07.12 17:29 #

thanks

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Richard S. 2022.12.14 21:22 #

Great Indicator, Thank you Davit

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Reply from developer Davit Beridze 2023.07.12 17:30 #

you are welcome

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tsany 2022.12.14 17:08 #

Thank you, Davit for this very useful trading tool!

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HKjobs Mt4 2022.12.10 18:17 #

User didn't leave any comment to the rating

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Lasse Michael Holm 2022.11.08 23:52 #

User didn't leave any comment to the rating

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Reply from developer Davit Beridze 2023.07.12 17:30 #

thanks

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Ck. 2022.11.07 13:20 #

Great indicator. EA works as intended and allows hands off trading. Great support as well.

Erwinlyj 2022.11.06 11:19 #

User didn't leave any comment to the rating

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Dam Van Long 2022.11.05 05:51 #

Super good indicator and EA. I use it for my $20k account.

Dariusz Dabrowski 2022.11.03 17:29 #

User didn't leave any comment to the rating

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Prianka Bayu Putra 2022.11.03 15:52 #

I tested this indicator multiple times now and decided to buy it, great tools ! Looking forward to work with it

d1n3kk 2022.10.30 22:45 #

After ~1 month I can confirm, that indicator (as well as gift EA) works as it should and there are no repaints or any other scams. Performance is good, risk/reward ratio also. Currently I'm ~5% on plus (0.01 lot on 2000$ account). It covers with backtest effects.

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lisi 2022.10.28 14:45 #

Great indicator! Thanks for the advisor.

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Version 1.6 2023.06.07

new upgrade contains extra filter bollinger bands. + some bug fix. I will send mail with new upgraded ea and sets to customers, who do not get mail contact me here or on telegram.

Version 1.5 2023.02.17

new version contains extra confirmation timeframe for MFI which checks mfi level to be higer or lower of given number. for exampe if there is Buy signal on H1 to decline it if there is overbought situation on M30 or lower and if there is SELL signal on H1 to decline it if M30 is oversold on M30. this way it got possible to have better results and to achive lower timeframe profitability as well. New set files I will send on mail to everyone as here I can not answer messages till 2 March, in case of questions write me on telegram. after 2 March new sets will also be uploaded in comments section.

Version 1.4 2022.10.01

with new upgrade now Mfi Period is dynamic, it changes according CCI filter. Profitability increased by 50% according backtests through Ea based on it. as MFI customers get Ea for free as a bonus everyone should contact me in privat chat to share upgraded version of Ea.

Version 1.3 2022.09.07

in notifications added name of indicator as MFI to make you understand which indicator sends you notification. + default set changed to gbp/usd H1

Version 1.2 2022.08.13

modified default set file, it is for AUD/NZD H1