The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market Facilitation...
The Market Facilitation Index is an indicator that relates price range to volume and measures the efficency of price movement. Use the indicator to determine if the market is trending. If the Market Facilitation Index increased, then the market is facilitating trade and is more efficient, implying that the market is trending. If the Market Facilitation...
Strategy based on Gregg_s indicator RSI or MFI (ru.tradingview.com) When crossing above 0 - close short, open long When crossing below 1 - close long, open short For crypto/fiat and any timeframe
Plot where RSI or MFI is in its Bollinger Bands . Can be used in many different way: as a trend indicator (above below 0.5), part of a trend following strategy when crossing above 0 (resume bullish trend ) or crossing below 1 (resume bearish trend ), also useful for divergences, etc...
Edited version of the script by LazyBear. Update of my previous script. Features: - plot both MFI and/or RSI (LazyBear only allows one of both) - plot RSI/MFI band (over sold - mid - over bought) + indicator lines
Edited version of the script by LazyBear. Update of my previous script. Features: - plot both MFI and/or RSI (LazyBear only allows one of both) - plot an indicator band (over sold - mid - over bought)
This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other...
This is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV). When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the...
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
MFI with highlights when value is overbought/oversold and adjustable overbought/oversold thresholds. There is also an option to disregard candle wicks in the calculation in case that could be helpful.
This study is based on the work of TV user Beasley Savage ( ) and all credit goes to them. Changes I've made: 1. Added a visual symbol of an overbought/oversold threshold cross in the form of a red/green circle, respectively. Sometimes it can be hard to see when a cross actually occurs, and if your scaling isn't set up properly you can get misleading visuals....
I allowed myself to take a piece of code of one of the indicators MFI present on Tradingview for the added to a RSI! I made this srcipt to avoid cluttering the screen, so we can see the oversold / overbought of the MFI without having any additional indicator
The Money Flow Index indicator (MFI) is a tool used in technical analysis for measuring buying and selling pressure. This is done through analyzing both price and volume. The MFI's calculation generates a value that is then plotted as a line that moves within a range of 0-100, making it an oscillator. When the MFI rises, this indicates an increase in buying...
The strategy couples the concept of rate of change along with the Bollinger bands. Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency. Strategy (in Layman terms): If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone...
The normal MFI script use an RSI in the formula so the quantity of movments are not visible, this script allows you to see how much volume is being trade at the moment, so you can detect unusual levels, but you will no be allowed to see the RSI (0-100)* so I suggest to use this script with a normal MFI Features: + Normal MFI length (14) + Green bars show the...
This is an edit of the LAzyBear script. The script is adjusted to show both the RSI and the MFI on 1 chart.