MF Index EA
"MF Index EA" is an excellent scalper for trading on the Forex currency market. It implements the "turned on and forgot" function (use VPS). SL is always applied, which allows you to limit losses. Suitable for all currency pairs, gold, WTI. Working timeframe M30.
The MFI indicator calculates the difference between incoming and outgoing cash flows. If the underlying value of the asset is lower than this difference, it means that there is an increase in the incoming money supply and a bull market. If we see the opposite, it means that investors are leaving the instrument and the market is bearish.
Thus, MFI compares the ratio of positive and negative cash flows. If the typical price for the current period is higher than for the previous one, this indicates a positive inflow of money into this asset. If the typical price for the current period is less than for the previous one, it means that investors withdraw funds from this asset.
Support and resistance levels are at levels 40 and 60.