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MFI Modern PRO

4.94
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!


Comentarios 20
Yusuf Hamzah
408
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.

rainwalker123
3363
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.

X_RaXaR
354
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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4.6 (35)
Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Volume es el PRIMER y ÚNICO indicador de volumen que proporciona una visión REAL del sentimiento del mercado desde el punto de vista de un bróker. Proporciona una visión impresionante de cómo los participantes institucionales del mercado, como los brokers, están posicionados en el mercado Forex, mucho más rápido que los informes COT. Ver esta info
Antes que nada, vale la pena enfatizar que este Sistema de Trading es un Indicador No Repintado, No Redibujado y sin Retardos, lo que lo hace ideal para el trading profesional. El "Sistema de Trading de Soporte y Resistencia Inteligente" es un indicador avanzado diseñado para traders nuevos y experimentados. Empodera a los traders con precisión y confianza en el mercado de divisas. Este sistema integral combina más de 7 estrategias, 10 indicadores y varios enfoques de trading, incluyendo estr
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
El sistema PRO Renko es un sistema de trading de alta precisión especialmente diseñado para operar gráficos RENKO. Se trata de un sistema universal que se puede aplicar a diversos instrumentos de negociación. El sistema neutraliza eficazmente el llamado ruido de mercado, lo que le brinda acceso a señales de reversión precisas. El indicador es muy fácil de usar y solo tiene un parámetro responsable de la generación de señales. Puede adaptar fácilmente la herramienta a cualquier instrumento com
Cycle Sniper
Elmira Memish
4.4 (35)
NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
PTS Precision Index Oscillator V2
PrecisionTradingSystems
5 (1)
El Oscilador de Índice de Precisión (Pi-Osc) de Roger Medcalf de Precision Trading Systems La versión 2 ha sido cuidadosamente recodificada para cargar rápidamente en su gráfico y se han incorporado algunas otras mejoras técnicas para mejorar la experiencia. El Pi-Osc fue creado para proporcionar señales precisas de temporización de operaciones diseñadas para encontrar puntos de agotamiento extremos, los puntos a los que los mercados se ven obligados a llegar solo para eliminar las órdenes
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Eric John Pajarillaga Aldana
4.82 (17)
¡TakePropips Donchian Trend Pro   (MT4) es una herramienta poderosa y efectiva que detecta automáticamente la dirección de la tendencia utilizando el Canal Donchian y le proporciona señales comerciales de entrada y salida! Este indicador multifunción incluye un escáner de tendencias, señales comerciales, panel estadístico, filtro, sesiones comerciales y panel de historial de alertas. ¡Está diseñado para proporcionarle señales comerciales y ahorrarle horas analizando los gráficos! Puede descargar
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Este indicador es una super combinación de nuestros 2 productos Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . ¡Funciona para todos los marcos de tiempo y muestra gráficamente el impulso de fuerza o debilidad para las 8 divisas principales más un Símbolo! Este Indicador está especializado en mostrar la aceleración de la fuerza de la divisa para cualquier símbolo como Oro, Pares Exóticos, Materias Primas, Índices o Futuros. Es el primero de su clase, cualquier símbol
PTS - Buscador de Compras por Divergencia de Precision Trading Systems El Buscador de Divergencias de Precisión fue diseñado para encontrar los mínimos del mercado con una precisión milimétrica y lo hace con frecuencia. En el análisis técnico, la habilidad de identificar mínimos generalmente es mucho más fácil que identificar máximos, y este elemento está diseñado precisamente para esa tarea. Después de identificar una divergencia alcista, es prudente esperar a que la tendencia se vuelva al
El Indicador de Venta PTS Divergence Finder de Roger Medcalf - Precision Trading Systems. Este indicador solo proporciona indicaciones bajistas - de venta. En primer lugar, muchas veces me han preguntado por qué no proporcioné un indicador de divergencia de venta mientras proporcionaba felizmente un buscador de divergencias de señal de compra durante muchos años. Di la respuesta de que las divergencias de venta son menos confiables que las divergencias de compra, lo cual sigue siendo cierto. Se
Up down v6T
Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev version. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView version. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is dow
Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
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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
Filtro:
Yusuf Hamzah
408
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.

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2024.02.18 15:48
thanks for review
rainwalker123
3363
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.

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.08.23 09:54
thanks for such words. :)
X_RaXaR
354
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.

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.08.23 09:54
thanks. good luck
VALERІI SKVORTSOV
165
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 !

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:28
you are welcome
Epsilon Hogas
1468
Epsilon Hogas 2023.04.08 05:47 
 

Interesting information shown, thank you

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:28
thanks
adonis4ex
6288
adonis4ex 2023.02.21 11:38 
 

El usuario no ha dejado ningún comentario para su valoración

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.03.03 08:45
Hi check PM
jimdog
664
jimdog 2023.02.19 11:13 
 

Thanks, looks good

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:28
thanks
passyjh
272
passyjh 2022.12.31 11:12 
 

Great indicator and perfect support

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:29
thank you
Bernardo Carvalho
672
Bernardo Carvalho 2022.12.29 11:02 
 

Good

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:29
thanks
Richard S.
334
Richard S. 2022.12.14 21:22 
 

Great Indicator, Thank you Davit

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:30
you are welcome
tsany
481
tsany 2022.12.14 17:08 
 

Thank you, Davit for this very useful trading tool!

HKjobs Mt4
159
HKjobs Mt4 2022.12.10 18:17 
 

Hello , I just buy this indicator, would you please send me the EA? Thanks.

Lasse Michael Holm
1298
Lasse Michael Holm 2022.11.08 23:52 
 

l like this indicator. It's really good. Precise and easy to use. Thanks

Davit Beridze
6765
Respuesta del desarrollador Davit Beridze 2023.07.12 17:30
thanks
Ck.
1041
Ck. 2022.11.07 13:20 
 

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

Erwinlyj
56
Erwinlyj 2022.11.06 11:19 
 

Hello , I just buy this indicator, would you please send me the EA? Thanks.

Dam Van Long
588
Dam Van Long 2022.11.05 05:51 
 

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

derek9639
73
derek9639 2022.11.03 17:29 
 

Great indicator! Thanks

Prianka Bayu Putra
626
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
66
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.

lisi
994
lisi 2022.10.28 14:45 
 

Great indicator! Thanks for the advisor.

123
Respuesta al comentario
Versión 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.
Versión 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.
Versión 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.
Versión 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
Versión 1.2 2022.08.13
modified default set file, it is for AUD/NZD H1