OPEN-SOURCE SCRIPT
Diupdate

MFI Normalized

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This indicator is a custom, re-scaled version of the standard Money Flow Index (MFI). It is centered at 0 (instead of ranging from 0 to 100) making it a bit easier to visualize momentum and exhaustion.

You have two display options: Line and Shape
Line is very similar to the traditional MFI and includes coloring to more easily identify exhaustion signals.
Shape is a compact display that plots icons across the zero-line to keep your charts clean and easy to read.

Signals
This indicator is intended to be an EXIT indicator.
Line above 50 / Down Label (RED) - Overbought, exit signal for longs
Line below 50 / Up Label (GREEN) - Oversold, exit signal for shorts
Line within range / Circle or Triangle (GRAY) - Normal market, continuation of position
Catatan Rilis

  • Updated chart to show example on ES1!
  • Simplified Shape (compact) mode to use one shape and color gradient
  • Updated default line styles to better work on HTF charts

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.