MFI Modern PRO
Everything Ingenious is Simple! In case of purchase, you can get the EA from the video as a bonus, which will give you a chance for further Easy Generation of new sets. Default settings are for AUD/NZD H1.
MFI Modern Pro is an upgraded version of the standard MFI indicator. It displays clouds at a crossway of a few levels and it draws arrows when forming of each cloud is finished. Clouds are zones where overbought or oversold situations are in action and they are going to finish, so after MFI line moves out of one side moving zone, Arrows appear and they signal to where to Buy or Sell. The indicator is well backtested and shows high accuracy of entries. Each opposite signal is Exit for previos signal, mean Red arrow is sell signal and same time the exit signal for previos Green arrow (buy signal). Sometimes the indicator can show few sell signals or few buy signals in a row, but they are not too far apart and they demonstrate stable profit in a long run. On occasions, a similar sell or buy signal will appear when we are in the market with the last signal already in profit and this is completely normal! It is possible to be profitable long term with the use of this one indicator only, or in combination with others. Also, MFI Modern Pro contains a built-in volatility filter which makes entry points even more accurate.
To see indicator entries in action, watch the video (EA in the video is built under MFI Modern Pro indicator for demonstration purposes, EA is not for sale, it goes as a Gift for indicator customers)
Profitable set files are uploaded in the comments section. Please backtest them with given set files on recommended pairs.
This indicator is based on 11 years of trading experience! Tests are done with "from signal to signal" method and stop losses are not used to show it's accuracy depended on signals only. Every trader should search for acceptable for them stop loss levels according their wishes and trading styles as variables can be too different based on what type of trader you are. Gift EA can help to make researchs of any setting fast and easy! good luck.