Get started

MFI

Chart OscillatorI present you the chart oscillator where an oscillator (Stoch or RSI) is plotted on the chart itself (instead of below the chart) It is inspired on an idea of @Kablamicus Instead of having the lines between 0 and 100, here the '0-100' are - lowest(low, len) - highest(high, len) An overbought/oversold and a middle line is derived from these lines and the oscillator goes in between. It resembles very much the 'normal' oscillator, with a few extra's: - you can see the movement of the candles against the oscillator - S/R levels of oscillator, 50 line, overbought/oversold line, 0-100 line Stoch: RSI: Also a table is included with the Stoch/RSI values Cheers!
Editors' picks
Pine Script™ indicator
by fikira
50
RMIRMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together. It estimates that the money of which side is being ran out. So the power of trends can be predictable approximately. Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets. And when red columns appear, it means supply is very high and sellers or new buyers may enter into new deals which may increase the price of a asset. I would be glad if I hear your feedbacks.
Pine Script™ indicator
by AliBahaari
1
All in one [Liubam]Hey tradingviewers! This is an All in one Indicator for those who can't add too many indicators on your charts. Inspired by ©LonesomeTheBlue "Indicators all in one" script. I found a lot of very interesting scripts on the public library and I decided to make a tool with some of the greatest IMO, adding some modifications to improve the indicators. With this tool you can plot 1 of 6 different indicators by selecting it from a drop-down list (on the indicator settings). All the credit goes to it's respective owners (taggeds). THIS INDICATOR INCLUDES: 1. Classic RSI with some OB/OS tools: The relative strength index (RSI) is a popular momentum indicator displayed as an oscillator (a line graph that moves between two extremes) that measures the magnitude of recent price changes to evaluate overbought or oversold conditions, in other words it shows signals about bullish and bearish price momentum. I added some visual improvements to help you finding the OB/OS zones. 2. Classic CCI with some OB/OS tools. The Commodity Channel Index​ (CCI) is a momentum-based oscillator used as market indicator to help determine market movements that may indicate buying or selling. Added some vistual improvements to the chart. 3. ADX and DMI oscillator with the keylevel coded by @console: The Average Directional Index (ADX) is non-directional indicator used by some traders to determine the strength of a trend. When the ADX line is rising (Above the keylevel) trend strength is increasing, and the price moves in the direction of the trend whether up or down. Otherwise, low ADX (Below the keylevel) is usually a sign of accumulation or distribution (Range). Non-trending doesn't mean the price isn't moving. It may not be, but the price could also be making a trend change or is too volatile for a clear direction to be present. Suggested settings of the keylevel is 23-25.... REMEMBER: The trend may be your friend. 4. MFI The Money Flow Index (MFI) is a technical oscillator for identifying overbought or oversold signals in an asset. Unlike conventional oscillators such as the RSI, the Money Flow Index incorporates both price and volume data, as opposed to just price. It can also be used to spot divergences which warn of a trend change in price. 5. Stochastic: A stochastic oscillator is range-bound, meaning it is always between 0 and 100. This makes it a useful indicator of overbought and oversold conditions. Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. However, these are not always indicative of impending reversal; very strong trends can maintain overbought or oversold conditions for an extended period. Instead, traders should look to changes in the stochastic oscillator for clues about future trend shifts. I added some features for this popular indicator to show the stochastic crosses. 6. The famous Squeeze momentum Indicator made by @Lazybear: This is derivate of John Carter's "TTM Squeeze" volatility indicator and its very strong when using with trending indicator such a ADX. Black line (or no-line) on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray line signify "Squeeze release". Mr.Carter suggests waiting till the gray line after a blackline, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ This script is source code protected, but you can add to your favorite list to use it. Also you can add twice to use 2 different indicators at the same time (E.g. Squeeze Momentum Indicator + ADX) An additional indicator I made (MA Hunterz + InfoPanel) is needed to not miss good entry points. Your valuable comment and feedback is much appreciated... And remember indicators can be really helpfull but always use Price Action.
Pine Script™ indicator
by Liubam
4
Ultimate MA + MFIHey Folks, this is in indicator that generates buy and sell alerts using Ultimate Moving Average and Money Flow Index. Buy Alerts Multi Time Frame Moving Average trend reversal AND MFI < threshold Sell Alerts MFI crossing under overbought threshold Recommended settings for 3commas - Create Alert with Buy Alert and link it to "Message for deal start signal" - Create Alert with Sell Alert and link it to "Message to close all deals at Market Price" - Set Take Profit to 1.0% with trailing between 0.2% and 0.6% - DO NOT USE STOP LOSS
Pine Script™ indicator
by rouxam
33
RSI PlusRSI Plus: ☑️ Show the divergences. ☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level). ☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down. ☑️ Circle the highest and lowest levels as possible purchases and sales. ☑️ Includes a smoothed RSI. RSI Plus: ☑️ Muestra las divergencias. ☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel). ☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo. ☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas. ☑️ Incluye un RSI suavizado.
Pine Script™ indicator
by OskarGallard
44
Ehler's Autocorrelation Periodogram - RSI/MFIWarning! Frequently hits the execution time limit for scripts. Especially on initially adding to your chart. Often requires toggling show/hide indicator to get it to complete script execution within the time limit. YMMV! From TASC Sept 2016 this is Ehler's Autocorrelation periodogram. A means of determining the dominant cycle ("ideal" indicator length / dynamic length). As an example it's applied here to RSI or MFI. Lower indicator segment displays the autocorrelation spectrum and the computed dominant cycle. Upper segment is RSI/MFI.
Pine Script™ indicator
by rumpypumpydumpy
11
Effort v RewardI made this indicator to make it easier to compare volume and price movement. This is similar in concept to the Market Facilitation Index by Bill Williams, although hopefully this can make that analysis easier to see at a glance (similar to the way some bar overlays/recolors work but with more detail and in its own pane). The primary use for this indicator would be paying attention to the red EMA, which shows the difference between price movement and volume, normalized within the normalization lookback period (adjustable, defaults to 30 bars). When the red ema moves up, it means there is less effort required to move price more, which means the trend (if there is one) is probably stronger or has had resistance removed/shaken out already; if the red ema moves down into the negative, it means there is a lot of effort for very little price movement, meaning a large battle between the bears and the bulls currently (squat). Enjoy, let me know if you want adjustments, and safe and successful trading!
Pine Script™ indicator
by pauls0101
4
Bollinger Bands Money Flow Index %This script is similar to the previous one "Bollinger Bands Money Flow Index" but it's a little easier to interpret. Fix the top line of the "BBMFI" to 1, and the bottom line to 0. Indicates where "Money Flow Index" is located between the top and bottom lines. If it's bigger than 1, it's overbuying. If it's less than 0, it's overselling. Consider a trade if you are out of range from 0 to 1. It's also a good trade timing to out of range and come back in.
Pine Script™ indicator
by noooob
Hybrid Overbought/Oversold Detector + Put/Call SignalsThere are many indicators of overbought/oversold conditions out there. Some of more common ones are: - Bollinger Bands %B - Money Flow Index (MFI) - Relative Strength Index (RSI) - Stochastic This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary options. You may select which oscillators you want to apply and of course change the source, the length of the calculations and the overbought/oversold levels. Also the script will draw a combined graph which is the average of the selected oscillators in the options. Send me your ideas!
Pine Script™ indicator
by informanerd
39
Bollinger Bands Money Flow IndexThis script embodies the application of the Bollinger Band and Money Flow Index in John A. Bollinger's book "Bollinger on Bollinger Bands." "Bollinger on Bollinger Bands" suggests a relatively method of analysis by applying the Bollinger Band to an indicator. Here's one of the indicators, Money Flow Index. Money Flow Index is an indicator of overbuying and overselling by reflecting the volume of transactions. "Bollinger on Bollinger Bands" suggests using the Bollinger Band to create relative top and bottom lines for various indicators, such as Money Flow Index. Original Money Flow Index is considered to be over-purchased if it is more than 80% and over-selling if it is less than 20%. But if you put a bolinger band on it, you can set the standard for higher or lower over-selling and over-selling in a sustained bullish, bearish market. This script uses the following values as the default values as recommended by "Bollinger on Bollinger Bands". Money Flow Index for 10 days. a bollinger band of forty days standard deviation of 2 The above values are suitable for most stocks and markets, but sometimes there is too much or too little data inside the Bollinger Band. It is recommended to modify each value little by little to adjust 85% to 90% of the total data to fit inside the Bollinger Band. If the value is higher than the top line, it is considered over-purchased, and a red background color appears. If the bottom line is crossed down, it is considered over-sold and the green background color appears.
Pine Script™ indicator
by noooob
VI BB RSI CRSI MFI - All In OneThis script simply creates a combo of some indicators I have found to be useful to visualize together. Its fairly simple to use... buy the red and sell the green. The red and green 'zones' are VI indicator plus and minus using color to identify instead of plotting the lines and creating more mess for us. The blue line is our BB B%... and the solid lines are the buy and sell thresholds. The yellow line is our RSI, and the dotted lines are the thresholds. The orange CRSI line is for intrazone (red or green VI zone) trades.. for instance, buying in the sell zone and then selling again (dead cats) and vice versa. Lastly the purple MFI plot can be useful in identifying trend reversals. This is not secret code, its free for everyone to use. If you find that it is too cluttered, you can simply comment out the plot function for that indicator to disable the ones that you find most cluttering. Feedback is appreciated, along with ideas or suggestions.. cheers and happy trading!
Pine Script™ indicator
by pr0nster