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The canonical MFI

300 USD

Demo downloaded: 5

Published: 16 May 2022

Current version: 1.0

The canonical MFI

Indicators
Pengyu Guo
Pengyu Guo
China

158
Version: 1.0
Activations: 5

John Bollinger's normalized MFI (Fund Flow Index).

Bollinger bands are used to calculate overbought/oversold areas.

It takes three input parameters:

MFI period - MFI calculation period

MFI Applied Volume - Calculates the volume of MFI transactions

BB period - Calculation period of the Bollinger band

BB deviation - Brin deviation

Calculation:

NormMFI = (MFI-BL) / (TL-BL)

Among them:

TL = BBands(MFI, BB period, BB deviation, UPPER_BAND)

BL = BBands(MFI, BB period, BB deviation, LOWER_BAND)

MFI - Money Flow Index(MFI period, MFI applied volume)

BBands - UPPER_BAND and LOWER_BAND of Bollinger Bands

more...

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+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +++ Link to EURUSD Only Free Version --> https://www.mql5.com/en/market/product/156904?source=Unknown +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Hallo Trader, This is a traditional GANN & FIBONACCI strategy based on detection of an impulsive move in the opposite direction. This is called a Breakout. At the moment of Breakout, the indicator draw

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The canonical MFI

Pengyu Guo